Sensex, Nifty Hit New All-Time Highs On Tuesday Tracking Buying In Major Bank Stocks

Benchmark equity indices Sensex and Nifty hit new all-time highs on Tuesday tracking buying in major bank stocks and positive cues from Asian markets. The 30-share BSE Sensex jumped 541.25 points to hit a new high of 77,882.33 during the afternoon session. The Nifty index rose 130.8 points to touch a record high of 23,668.65.

Among Sensex stocks, HDFC Bank, Axis Bank, ICICI Bank, State Bank of India, UltraTech Cement, and Kotak Mahindra Bank were the top gainers. PowerGrid, Adani Ports, Tata Steel, and Asian Paints were among the laggards.

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In the Asian markets, Seoul, Tokyo, and Hong Kong traded higher while Shanghai declined. The US markets ended mixed on Monday. The Reserve Bank of India (RBI) on Monday said India recorded a current account surplus of USD 5.7 billion or 0.6 percent of GDP in the March quarter.

This is the first time in the last 10 quarters that the decisive measure of the country's external position has shifted to surplus territory. The global benchmark, Brent crude, fell 0.06 percent to USD 85.96 per barrel.

According to stock exchange data, foreign institutional investors (FIIs) offloaded shares worth Rs 653.97 crore on Monday. The BSE Sensex ended 541.25 points or 0.70 percent higher at 77,882.33 points, while the Nifty rose 130.8 points or 0.56 percent to 23,668.65 points.

(With PTI's Input)

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