Rally continues, Sensex, Nifty jump to record high

Mumbai, October 13

Equity gauges Sensex and Nifty on Wednesday climbed to new record high, stretching their winning run to the fifth consecutive session, as investors continued to lap up auto, power and infra shares.

Fifth straight session of gains

• After scaling a lifetime intra-day high of 60,836.63, the Sensex settled 452.74 points higher at 60,737.05 — its all-time closing high
• Similarly, the Nifty rallied 169.80 points to a new closing peak of 18,161.75. It also touched an intra-day record of 18,197.80

After scaling a lifetime intra-day high of 60,836.63 during the session, the Sensex settled 452.74 points higher at 60,737.05 —its all-time closing high.

Similarly, the Nifty rallied 169.80 points to a new closing peak of 18,161.75. It also touched an intra-day record of 18,197.80. M&M was the top gainer in the Sensex pack, zooming over 5%, followed by PowerGrid, ITC, L&T, Tech Mahindra, Tata Steel and Titan. On the other hand, Maruti Suzuki, HUL, Nestle India, Axis Bank and SBI were among the laggards.

“Auto stocks led by Tata Motors propelled the Nifty to new highs of 18,200 with good support from infra and metal stocks on the launch of the Master Plan for Infrastructure Development and Multi-Modal Connectivity,” S Ranganathan, Head of Research at LKP securities, said. Tata Group stocks hogged the limelight despite profit-taking in late afternoon trade, he added. — PTI