Bull run continued in the market, and enchmark indices Sensex and Nifty hit record highs for the seventh straight day. The Nifty rose 170 points, or 1.36 per cent, to close at 12,631. The Sensex rose 680 points, or 1.6 per cent, to close at 43,227 on Tuesday.
The BJP and its allies’ win in the Bihar Assembly elections built a positive bias in the markets. Still, the Indian markets are likely to follow global cues in the coming days, experts said.
Around 1,016 stocks on the NSE posted losses while 857 ended with gains.
Sectoral performance
Among the sectoral indices the Bank Nifty index ended at its highest level since March, rising 1,071 points, or 3.9 per cent, to close at 28,606. The index has gained 4,700 points in the last seven trading sessions.
The Nifty IT index and Nifty Pharma index were down 3.8 per cent and 4.3 per cent, respectively. The PSU index was up over 3 per cent.
In the global markets, the big news was that Japan’s Nikkei 225 rose to a new 29-year high.
Top gainers
Among the Nifty stocks, Bajaj Finance was the top gainer up 8.89 per cent. IndusInd Bank and L&T gained 7.71 per cent and 6.99 per cent, respectively. Bajaj Finserv, ICICI Bank, Gail, HDFC Bank, IOC, Tata Motors, ONGC, Axis Bank, ITC, HDFC Life, SBI Life, Coal India, NTPC, Ultratech Cements, BPCL and Eicher Motors were the other prominent gainers.