The Indian market closed at a fresh lifetime high on Monday on broad-based buying amid positive global cues after US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package. Moreover, the United Kingdom’s historic trade deal with the European Union also aided investor sentiment.
Sensex scaled a fresh record high, rises 380 points or 0.81 percent to end at 47,354; Nifty logs new closing high of 13,873, up 124 points or 0.9 percent
Among the headline indices, the S&P BSE Sensex closed 380 points higher at 47,354. The index hit an intra-day high of 47,407. The broader Nifty50 index closed at 13,873. State Bank of India and Titan (both up 3 percent) were the top Sensex gainers, followed by Larsen & Toubro and IndusInd Bank (both up 2 percent). Out of the 30 Sensex constituents, 26 ended the day in the green.
All the Nifty sectoral indices, barring Nifty Pharma, ended higher, led by Nifty Realty and Nifty Metal indexes, both up 2.6 percent.
Highlights of today’s trading session :
- HDFC Bank, ICICI Bank, and RIL top contributors to Sensex’s gain today.
- S&P BSE MidCap and SmallCap indexes gaining 0.8 percent and 1.5 percent, respectively.
- Shares of Tata Motors ended the session 5.9 percent higher at Rs 186.30 on the BSE.
- Pilani Investments and Industries Corporation soared 12.85 percent to Rs 2,837 on the BSE ahead of the 2:5 bonus issue.
- Nifty Metal Index adds over 2 percent supported by the APL Apollo, Welspun Corp, SAIL.
- Dixon soars 7 percent as arm inks pact with Motorola to manufacture smartphones.
- TCS m-cap crosses Rs 11 lakh crore; stock hits a 52-week high of Rs 2,498.20.
- Paisalo Digital’s share price zoomed 17 percent on December 28 after SBI Life Insurance bought 38 lakh shares of the company.
- NIIT share price jumped 4 percent after the board has approved an up to Rs 237-crore buyback proposal at Rs 240 per equity share.
- Gold prices jumps 1 percent on Monday as investors cheered news that U.S. President Donald Trump signed into law a long-awaited pandemic aid bill, with a weaker dollar lending further support.
- Dish TV slips 10 percent on-demand notice of Rs 4,164 crore from the government.
- Shares of Hindustan Foods hit a fresh record high of Rs 1,459, rallying 12 percent on the BSE in intra-day trade.
- Tips Music hits 20 percent upper circuit after signing a global licensing pact with Facebook.
