Mumbai, February 15
The Sensex rallied 610 points to finish above the 52,000-mark for the first time while the Nifty soared past 15,300 on Monday as investors piled into banking and finance stocks amid a bullish trend overseas. Supportive macroeconomic data and unabated foreign fund inflows added to the momentum, traders said.
After touching a record high of 52,235.97 during the day, the Sensex ended 609.83 points up at its new closing peak of 52,154.13. Similarly, the Nifty soared 151.40 points to finish at a record 15,314.70. It touched an intra-day peak of 15,340.15.
Axis Bank tops gainers’ chart
- After touching a record high of 52,235.97 during the day, the Sensex ended 609.83 points up at its new closing peak of 52,154.13
- The Nifty soared 151.40 points to finish at a record 15,314.70
- Axis Bank led the Sensex gainers’ chart, climbing 5.88%, followed by ICICI Bank, Bajaj Finance, SBI, IndusInd Bank, HDFC, Bajaj Finserv and HDFC Bank
“Indian market opened on a positive following upbeat peers in Asia as Nikkei 225 crossed 30,000 for first time in more than three decades with Japan’s economy growing 12.7% on an annualised basis in October to December last year,” said Narendra Solanki, Head-Equity Research (Fundamental), Anand Rathi.
Meanwhile, the wholesale inflation rose sharply to 2.03% in January on costlier non-food manufactured items. — PTI