FINAL TRADE: Bulls continue to party; Sensex, Nifty, Bank Nifty settle at fresh closing peaks

Stock market today: The dream run continued on Dalal Street as the benchmark indices settled at fresh closing peaks for the fourth session in a row. At close, the S&P BSE Sensex stood at 65,479.05, up 274 points, or 0.42 per cent. During the day, the 30-share index surpassed the 65,650 level and hit an all-time high of 65,672.97. Similarly, the NSE's Nifty ended at 19,389, up 66 points, or 0.34 per cent. During the session, the index hit an all-time high of 19,434.15 points. Nifty Bank hit a high of 45,655.50 during the day. The index eventually settled at 45,301.45.

On the Sensex, 19 out of 30 stocks settled in the green. Bajaj Finance (up over 7 per cent) and Bajaj Finserv (up 5.76 per cent) emerged as the top gainers. Tech Mahindra, Sun Pharma, and NTPC were also among the leading gainers. On the other hand, Bharti Airtel (down 1.54 per cent) was the biggest loser.

"Nifty ended the session with a “Hanging Man” candlestick pattern which signals short-term reversal if the low of the candle is breached. A level below 19,300 could confirm the short-term bearish trend reversal in Nifty. Bank Nifty ended the session with “Long Legged Doji” on the daily chart and the bearish implication of the same would be activated once the index breaks below the 45,000 in spot. As far as resistance is concerned, 19,500 should continue to remain a hurdle in the short term," said Devarsh Vakil - Deputy Head of Retail Research, at HDFC Securities.

India VIX rose 1.38 per cent to 11.70 levels.

BROADER MARKET INDICES

The S&P BSE MidCap index was down 0.22 per cent at 28,798.91 levels and the S&P BSE SmallCap index was up 0.05 per cent at 32,802.63 points. 

SECTOR WATCH

Telecom stocks fell the most. The S&P BSE Telecommunications index slipped 1.17 per cent to 1,770.55 levels. Oil & Gas stocks were next on the losers list. On the flip side, financial services gained the most. The S&P BSE Financial Services index rose 0.73 per cent to 9,661.63 levels.

BUZZING STOCKS

Apart from the Bajaj Finance twins, Hero Moto Corp, too, gained in the trade. The stock hit a 52-week high of Rs 3,039 on the BSE during the day after the American motorcycle manufacturer Harley-Davidson in collaboration with Hero MotoCorp, unveiled the X440 motorcycle in India. This affordable bike is their joint endeavour aimed at rivalling industry leaders like Royal Enfield, Honda, and Bajaj’sTriumph. The launch of the X440 showcases a strategic effort to expand the market and attract new customers while disrupting the dominance of Royal Enfield in the mid-sized segment. READ MORE

The stock ended at Rs 3,028.55 on the BSE, up 4.45 per cent. On the other hand, reacting to the development, Eicher Motors slipped over 6 per cent. The stock ended at Rs 3,402 on the BSE, down 6.26 per cent. 

MARKET STATISTICS

Out of 3,623 scrips traded on the BSE, 1,643 advanced and 1,860 declined, while 120 remained unchanged. As many as 196 stocks hit a fresh 52-week high, while 44 plunged to their 52-week low levels.