Share Market hits new record high: Sensex breaches 57300-mark, Nifty above 17050 – Bharti Airtel top gainer

For the first time in the history of the Indian stock market, the benchmark indices Nifty50 breached 17000-mark and Sensex surpassed 57,300 levels intraday Tuesday. The BSE Sensex gained over 400 points to 57329 and Nifty 50 jumped over 125 points to 17060.5 levels at record high levels. 

The surge is mostly led by metal stocks, as the index soared over 1 per cent, mainly led by Hindalco. Besides, financial services sector along with Nifty FMCG, Pharma gains most in a life high market.

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At intraday, at least 40 stocks of top Nifty50 are surging while 10 stocks declined in the positive market. Bharti Airtel jumped almost 6 per cent, surging for the third straight session on Tuesday, followed by Eicher Motors and Bajaj FInserv up over 3 per cent.

Stocks such as Hindalco, Bajaja Finance, Adani Ports, Asian Paints, IOC, Titan, Shree Cement are trading higher between 2-3 per cent intraday trade today. While stock such as UltraTech Cement, Grasim, ITC, TCS, Divis Lab, Kotak Bank, HDFC, Coal India are trading higher in 1-2 per cent range.

While Tata Motors, Nestle India (declining for third session in a row) and IndusInd Bank slumped most intraday in the life high market on Tuesday. Besides, stocks such as M&M, Reliance Industries, Infosys, Tata Consumers JSW Steel, Axis Bank and UPL are declining the most in a positive market.

The only sector that’s declining most is Nifty Media down by a quarter per cent, Inox Leisure, TV18 and Jagran stocks. 

In the broader markets, the mid-cap index gained by over 113 points or 0.41 per cent to 28355.55 levels, while Small cap too surging the same gained around 0.41 per cent to 10234.85 levels.

Globally, the US markets on Monday ended at life high, as Dow Jones hits 35,500 before closing lower by 50 points, even Nasdaq closes at a fresh all-time high. While Foreign Institutional Investors (FIIs) on Tuesday bought shares worth Rs 1202.81 crore in cash and Rs 688.85 crore in index futures.