Rally continues, Sensex zooms 569 pts to breach 61,000-mark

Mumbai, October 14

Benchmark indices Sensex and Nifty raced to fresh record highs by notching their sixth straight session of gains on Thursday as participants cheered improving macroeconomic data and positive global cues.

Going past the 61,000-mark for the first time ever, the Sensex soared 568.90 points to finish at a new closing peak of 61,305.95. The index also marked its fresh intra-day record of 61,353.25 during the day’s trade.

Similarly, the Nifty surged 176.80 points to a new lifetime closing high of 18,338.55. Intra-day, the gauge touched a new record of 18,350.25 before easing some gains towards the fag-end of the session.

On the Sensex chart, ITC was the top gainer with around 3% rise, followed by HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank and NTPC. On the other hand, TCS, HCL Tech, Bajaj Finance, Asian Paints and Bharti Airtel were among the laggards.

Of the Sensex constituents, 22 closed with gains and 8 ended with losses. In the past six trading sessions, the Sensex has added over 2,116 points or 3.57%, and the Nifty has gathered more than 692 points or 3.92%.

On a weekly basis, the Sensex rallied 1,246.89 points or 2.07%, and the Nifty soared 443.35 points or 2.47%.

Sectorally, BSE bankex, finance, metal, realty, capital goods and basic materials rose up to 1.67%, while auto index ended in the red. Broader midcap and smallcap indices rose up to 0.54%.

“The Indian market sustained its upbeat mood supported by positive global market, favourable inflation data and upmove in IT stocks following strong earning scorecards by sector majors,” Vinod Nair, Head of Research at Geojit Financial Services, said.

The wholesale inflation eased to 10.66% in September, helped by moderating food prices even as crude petroleum witnessed a spike. — PTI

Major milestones this year

• Jan 21: Sensex touches 50,000-mark in intra-day
• Feb 3: Closes above 50,000 points for the first time
• Feb 8: Ends above 51,000-level
• Feb 15: Jumps above 52,000-mark
• July 7: Closes above the 53,000-mark for the first time
• Aug 4: Benchmark goes past 54,000 for the first time
• Aug 13: Rallies above 55,000 for the first time
• Aug 27: Closes above the 56,000-mark for the first time
• Aug 31: Closes above the 57,000-mark for the first time
• Sept 3: Ends above the 58,000-mark for the first time
• Sept 16: Closes above the 59,000-mark for the first time
• Sept 24: Sensex rises 163 pts to close at new peak of 60,048
• Oct 14: Sensex closes at 61,306 pts by zooming 569 pts

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