Sensex at fresh record high as bull run continues

Mumbai, October 18

Equity indices darted up for the seventh straight session on Monday to close at fresh lifetime highs as investors remained in risk-on mode despite a bearish trend overseas. IT, bank and metal stocks witnessed hectic buying, while profit-taking in pharma and auto counters capped the gains.

IT, bank stocks sparkle

• Infosys was the top gainer in the Sensex pack, jumping 4.47%, followed by Tech Mahindra, Tata Steel, ICICI Bank, ITC, Maruti, SBI and Axis Bank
• On the other hand, HCL Tech, M&M, Dr Reddy’s, Asian Paints, Bajaj Auto, HDFC Bank and Bharti Airtel were among the laggards, slipping up to 2.36%

After touching a lifetime peak of 61,963.07 during the session, the 30-share BSE Sensex finished 459.64 points higher at its new closing record of 61,765.59. Similarly, the Nifty surged 138.50 points to its all-time closing high of 18,477.05. It touched a new intra-day record of 18,543.15.

Infosys was the top gainer in the Sensex pack, jumping 4.47%, followed by Tech Mahindra, Tata Steel, ICICI Bank, ITC, Maruti, SBI and Axis Bank. On the other hand, HCL Tech, M&M, Dr Reddy’s, Asian Paints, Bajaj Auto, HDFC Bank and Bharti Airtel were among the laggards, slipping up to 2.36%.

“The domestic market traded at record highs withstanding the weak trends in the global market due to disappointing Chinese GDP numbers and global inflationary pressure as a result of energy shortage. — PTI

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