Equity indices vaulted to fresh lifetime highs for the third session on the trot on Tuesday as investors remained in risk-on mode amid unabated foreign fund inflows.
Overcoming a wobbly start, the 30-share BSE Sensex surged to its all-time peak of 49,569.14 during the day, propelled by robust buying in index heavyweights Reliance Industries and HDFC Bank.
The index finally finished at its new closing record of 49,517.11, up by 247.79 points or 0.50 per cent.
On similar lines, the broader NSE Nifty advanced 78.70 points or 0.54 per cent to a fresh closing peak of 14,563.45. It scaled a record level of 14,590.65 during the session.
On the Sensex chart, SBI was the top gainer, rallying 3.65 per cent, followed by Bharti Airtel, Reliance Industries, HDFC Bank, ITC, Axis Bank and NTPC.
RIL and HDFC Bank accounted for the lion’s share of the benchmark’s gains.
On the other hand, Asian Paints, HUL, Nestle India, Titan, Kotak Bank and Sun Pharma were among the laggards, dropping up to 3.93 per cent. “The pace of the market rally continued despite RBI’s caution over elevated NPA levels in 2021, supported by PSU Banks and auto stocks. Majority of the sectors traded in the green in anticipation of good quarterly result while pharma and FMCG experienced some selling.