Sensex, Nifty end at high records due to metal and financial share gains

A noticeable selling was witnessed in the energy, pharma, and IT stocks. Additionally, Nifty Metal and Nifty Bank indices rose over 2 percent each.

On November 17, benchmark indices ended higher for the third consecutive session and ended at record highs with Nifty soring above 12,850 level. During the closing, the Sensex was up 314.73 points or 0.72% at 43, 952.71, and Nifty was up 93.90 points or 0.73% at 12,874.20.


During intraday trade the Sensex crossed the mark of 44,000 to hit a record high of 44,161.61, Nifty had a record high of 12,934.05 during intraday trade.

On the market, around 1443 shares have grown, 1181 shares declined and 146 shares remain unchanged. The gainers were on Nifty Tata Motors, Tata Steel, HDFC Life, SBI, and Adani Ports. While, BPCL, Hero MotoCrop, NTPC, IOC were the losers.

The Indian equity market is witnessing a v-shaped recovery since March when it was hitting a 4-year low. Foreign Portfolio Investors have been the main driver of this rally. In November, FPI pumped in Rs 29,436 crores into the market. This became the second-highest inflow of this year since August’s Rs 47,080 crores flow.