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26 Jan 2022, 04:12 HRS IST
  • PTI
  • Indices scale new peaks; banking, consumer goods, auto shares rally

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16:54 HRS IST

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Mumbai, Oct 12 (PTI)
Rising for the fourth straight session, equity benchmarks Sensex and Nifty marked their new closing highs on Tuesday due to participants' continued buying interest in banking, consumer durables and auto stocks.

After a volatile trading session, the 30-share Sensex ended 148.53 points or 0.25 per cent higher at 60,284.31. Intraday, the index swung between a high of 60,332 and a low of 59,885.

Likewise, the Nifty rose 46 points or 0.26 per cent to its fresh closing peak of 17,991.95.

Titan was the top gainer in the Sensex pack, rallying over 5 per cent, followed by Bajaj Auto, Bajaj Finserv, SBI, Nestle India, ITC, Axis Bank and Tata Steel.

On the other hand, HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma were among the laggards.

In the past four sessions, the Sensex has added about 1,095 points or 1.84 per cent; and the Nifty has gathered 345 points or 1.95 per cent.

Sectorally, BSE consumer durables, FMCG, metal, auto, realty and power indices rose up to 2.78 per cent on Tuesday. While IT, telecom, teck, utilities and healthcare indices ended in the red.

Broader midcap and smallcap indices advanced up to 0.65 per cent.

"The day witnessed hectic activity in PSU banking space with stocks from two-wheelers and consumer durables seeing good demand in line with the festive mood. While we did see a continuation of profit booking in IT names, the small and midcap space was buzzing with accumulation across sectors. A late surge in the metal Index led by aluminium stocks lent support to the rally," said S Ranganathan, Head of Research at LKP securities.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with losses.

Stock exchanges in Europe were also trading on a negative note in early deals.

Meanwhile, international oil benchmark Brent crude rose 0.26 per cent to USD 83.87 per barrel.

On the forex market front, the Indian rupee ended 16 paise lower at 75.52 to the US dollar.

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