Sensex scales record high, Nifty holds above 11,100

Extending Monday’s rally, the benchmark BSE Sensex jumped over 150 points to record a new high of 36,869.34 in early trade on Tuesday on strong Asian cues amid buying by domestic institutional investors (DIIs).

The market rally was driven by strong activity on the metal, oil and gas, PSU, infrastructure, banking, FMCG and capital goods counters, rising up to 0.88%.

The 30-share BSE index spurted by 150.74 points, or 0.41%, to hit a new high of 36,869.34, surpassing its previous record of 36,749.69 clocked on Monday.

The gauge has gained 367.37 points in the past two sessions.

The 50-share NSE Nifty also rose 41.15 points, or 0.37%, to 11,125.90.

Major gainers include Maruti Suzuki, Tata Motors, HUL, M&M, Tata Steel, Adani Ports, L&T, ICICI Bank, Coal India, IndusInd Bank, HDFC Bank, Infosys, Power Grid, Kotak Bank, SBI, Asian Paints, HDFC, Axis Bank, Sun Pharma and ITC, rising up to 1.42%.

Foreign portfolio investors (FPIs) bought shares worth a net of ₹259.37 crore and DIIs bought shares worth a net of ₹124.82 crore yesterday, provisional data showed.

Traders said positive cues from other Asian markets and sustained foreign capital inflows, influenced sentiments here.

Japan’s Nikkei rose 0.60%, Shanghai Composite Index 1.59% and Hong Kong’s Hang Seng 1.50% in early trade.

The US Dow Jones Industrial Average ended 0.06% lower on Monday and Nasdaq closed up 0.28%.

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