NEW DELHI: Stock indices continued to rise Monday with both the BSE and NSE climbing to new record closing highs amid continued inflow of foreign funds.
After climbing an intraday high of 45,459, the 30-share BSE index rose 347 points or 0.77 percent to finish a record close of 45,427; while the broader NSE Nifty closed 97 points or 0.73 percent higher at a new peak of 13,355.
The top winners in the sensex package included ONGC, Bharti Airtel, Hindustan Unilever, ITC, HDFC and SBI, with their shares rising as much as 3.28%.
While Kotak Bank, Nestlé India, Bajaj Finance, Maruti and HDFC Bank were the biggest losers, falling as much as 1.39 percent.
On the NSE platform, the Nifty PSU Bank, Pharma, Media and FMCG sub-indices rose as much as 2.79%.
According to experts, the Reserve Bank’s commitment to ensuring broad-based growth while maintaining a subdued tone continued to bode well for stocks.
“There is really no negative news at the moment and investors are maintaining the status quo. The expectation is that things will improve from a liquidity perspective,” Umesh Mehta, head of research at Samco Securities told Reuters news agency.
“Unless something really negative happens, on the vaccine front, there shouldn’t be any major fixes,” he added.
Meanwhile, foreign portfolio investors (FPIs) were net buyers in the capital market, buying shares worth Rs 2,969.59 crore on Friday, according to interim exchange data.
(With contributions from the agency)
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