Fresh record highs on Dalal Street; Sensex jumps 308 pts to end at record 77,301, Nifty soars to 23,558

Domestic equity benchmarks jumped to fresh record highs on Tuesday amid a broad-based rally led by financial, IT and energy shares, as investors returned to trade after a long weekend. The Sensex ended 308.4 points, or 0.4 per cent, higher at 77,301.1 and the Nifty50 climbed 92.3 points, or 0.4 per cent, higher at 23,557.9 - both record closing highs. Analysts said strong domestic fund inflows and positive signals from global markets continue to aid sentiment on Dalal Street.

Both headline indices rose as much as half a per cent to scale all-time highs during the session, with the Sensex gaining 374 points to touch an unprecedented 77,366.8 and the Nifty50 adding 113.5 points to its previous close to scale a record 23,579.1. 

Shriram Finance (SHRIRAMFIN), Power Grid (POWERGRID), Wipro, ICICI Bank (ICICBANK) and Titan - closing between 1.6 per cent and 3.2 per cent higher - rose the most among the 34 gainers in the Nifty50 basket. 

On the other hand, Maruti Suzuki (MARUTI), Dr Reddy's Labs (DRREDDY), UltraTech (ULTRACEMCO), Tata Steel (TATASTEEL) and Hindalco - finishing between 0.8 per cent and 2.1 per cent lower - were the top losers in the 50-scrip pack.

ICICI Bank, HDFC Bank, Power Grid, Infosys and Mahindra & Mahindra (M&M) were the biggest contributors to the gains in both main gauges.

The Nifty Bank - whose 12 constituents include SBI, HDFC Bank, ICICI Bank, Bank of Baroda, PNB and Bandhan Bank - added 438.9 points (0.9 per cent) for the day to settle at 50,440.9. 

Wipro and Infosys - closing 2.9 per cent and 0.7 per cent higher, respectively - 

50,440.90

(This story will be updated shortly)

Catch all the highlights of the June 18 session on Dalal Street here. For all other news related to business, market, tech and auto, visit Zeebiz.com.