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NEW DELHI: Domestic equity benchmarks Sensex and Nifty continued the record-setting run and finished at fresh record highs of 38,896 and 11,738, respectively on healthy gains in metals, energy, financial and IT stocks.
The 30-share Sensex added 202 points, or 0.52 per cent, while Nifty climbed 46 points, or 0.40 per cent.
Midcaps failed to perform.
The BSE Midcap index settled with a loss of 0.35 per cent at 16,671.
The BSE Smallcap index gained a modest 0.36 per cent to settle at 17,043.
Let’s walk you through the day’s proceedings:1.
Who moved my SensexHeavyweight Reliance Industries emerged as the top contributor to the rally in Sensex, contributing 86.90 points.
The stock hit fresh 52-week high of 1,323 before closing at Rs 1,318.20, with a gain of 2.06 per cent.
It was followed by HDFC, HDFC Bank, Maruti Suzuki and Axis Bank in the pack of top contributors.
Vedanta, jumping 2.20 per cent, claimed the top seat in the Sensex index, followed by Adani Ports (2.20 per cent), Reliance Industries (2.06 per cent), Maruti Suzuki (1.72 per cent) and Axis Bank (1.62 per cent).
2.
Stocks that lost steamYES Bank plunged 3.07 per cent, leading the pack of Sensex losers.
State Bank of India (SBI) (1.07 per cent), Hindustan Unilever (HUL) (1.04 per cent), ONGC (0.94 per cent) and IndusInd Bank (0.77 per cent) fell prey to profit-booking.
The top five drag on the Sensex index were- YES Bank, ITC, HUL, SBI and IndusInd Bank, in that order.
3.
Jet’s flight through air pocketShares of Jet Airways settled 4.61 per cent higher at Rs 294.80 despite reporting a whopping Rs 1,323 crore net loss for June quarter.
The loss is mainly due to higher fuel cost and other expenses caused by a falling rupee.
The ongoing cash crunch has forced the airline to embark on a Rs 2,000 crore cost cutting drive and stake sale in its loyalty programme – Jet Privilege – as part of capital infusion.
4.
Adani group shares dazzledShares of Gautam Adani-led Adani Group companies, Adani Transmission (15.65 per cent), Adani Enterprises (8.27 per cent), Adani Green Energy (4.93 per cent), Adani Power (4.33 per cent) and Adani Ports and SEZ (2.20 per cent), witnessed strong traction today.
Media reports suggested that the BSE has sought clarification from Adani Transmission on an increase in volume.
5.
IT giants hit fresh highs Infosys (up 0.67 per cent) and TCS (up 0.68 per cent) hit fresh 52-week highs of 1,438.50 and 2,072, respectively today amid volatile rupee.
6.
OMCs sink on spike in crude pricesMost OMC stocks, including MRPL (down 2.55 per cent), HPCL (1.95 per cent), Oil India (1.09 per cent), ONGC (0.94 per cent) and BPCL (down 0.73 per cent) suffered losses on Tuesday after oil price rose to its highest since July.
The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand, Reuters reported.
7.
Global stocks surgedThe US-Mexico trade deal, seen as a step towards averting the possibility of a global trade war, infused positive sentiment in global stocks.
Globally, stocks rose to a six-month high on Tuesday, lifted by investor optimism that a US-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war, Reuters reported.
European shares rallied in opening trade while in Asia, Japan’s Nikkei closed at its highest level since mid-June.
The Chinese market, however, took a breather and closed a little lower.
