Infosys and ICICI Bank have boosted Sensex by 617 points. Sensex overall gained 792 points to peak at a record high of 51,523.38. Nifty surged with the price 15,115.80 for the first time, above the psychological level of 15,000, accounting for 1.28% change. The Nifty 50 index has jumped 11/2% since the Budget was announced last Monday.
The most active stocks were Tata Motors priced Rs 335.95 with a 20.05% change, SBI at Rs 397.05 with an increase of 1%, M&M at Rs 928.40 gained by 7.27% as a top gainer and Reliance’s last price was Rs 1,951.45 with 1.44% as a change. BHEL tanked -8.50% to Rs 39.85.
Anand James of Geojit Financial Services said, “Brent scaled the $60 per barrel mark while global equities continued to rally. India also tagged along, leaving only FMCG and PSU indices in the red among the sectoral indices, while the metal index gained the most, with a 3% jump. US stimulus expectations continue to be the major driver.”
The top gainers in the Pharmaceutical industry were Jubilant Life Sciences Ltd., Laurus Labs Ltd., Eris Lifesciences Ltd.