Sensex, Nifty at lifetime high; banking shares drive rally

Mumbai, June 15

Equity benchmarks Sensex and Nifty rose for the fourth straight session to settle at fresh lifetime highs on Tuesday as investors shrugged off concerns over rising inflation to focus on positive cues coming from global markets.

At the closing bell, the BSE Sensex quoted higher by 221.52 points or 0.42% at a new peak of 52,773.05. The index also hit its all-time intraday high of 52,869.51 during the session.

Likewise, the broader NSE Nifty rose 57.40 points or 0.36% to settle at a fresh high of 15,869.25. The NSE gauge too marked its lifetime intraday high of 15,901.60.

On the Sensex chart, Asian Paints was the top gainer in the Sensex pack, rising over 3%, followed by Axis Bank, ICICI Bank, Hindustan Unilever, IndusInd Bank, Infosys and HDFC Bank.

On the other hand, Bajaj Finserv, Dr Reddy’s, Titan, Sun Pharma, Bajaj Finance and PowerGrid were among the laggards. Of the 30 shares in the Sensex, 15 closed in the green.

The BSE realty index rose the most with 1.55% gains. It was followed by consumer discretionary goods, bank and FMCG indices. Smallcap and midcap indices outperformed the benchmark. Largecap index rose 0.35%. — PTI

Fourth straight session of gains

• Both indices rose for the fourth straight session to settle at fresh lifetime highs on Tuesday as investors shrugged off concerns over rising inflation to focus on positive cues coming from global markets
• The Sensex was quoted higher by 221.52 points at 52,773.05. The index also hit its all-time intra-day high of 52,869.51 during the session