Ians

Mumbai: The key Indian equity indices continued their record run on Tuesday.

The BSE Sensex touched a fresh high of 52,836.31 and the Nifty50 on the National Stock Exchange hit an all-time high of 15,889.60 points.

Healthy buying was witnessed in banking and realty stocks.

Around 9.40 a.m., Sensex was trading at 52,813.83, higher by 262.3 points or 0.50 per cent from its previous close of 52,551.53 points.

It opened at 52,751.83 and has touched an intra-day low of 52,671.29 points.

The Nifty50 on the National Stock Exchange was at 15,875.05, higher by 63.20 points or 0.4 per cent from its previous close.

The top gainers on the Sensex were Asian Paints, IndusInd Bank and Tata Steel, while the losers were Dr Reddy's Laboratories, SBI, Titan Company and L&T.

 

In the previous session, the 30-share BSE Sensex ended 76.77 points or 0.15 per cent higher at its new closing peak of 52,551.53. The NSE Nifty rose 12.50 points or 0.08 per cent to a record 15,811.85.

On the macro-economic data front, rising prices of edible oils and protein-rich items pushed the retail inflation to a six-month high of 6.3 per cent in May, breaching the comfort level of the Reserve Bank and thus rendering reduction in interest rates a difficult proposition in the near term.

The wholesale price-based inflation accelerated to a record 12.94 per cent in May, on account of rising prices of crude oil, manufactured goods and a low base of last year. In May last year, WPI inflation was (-) 3.37 per cent and in April 2021, WPI inflation hit double-digit at 10.49 per cent.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 503.51 crore on Monday, as per provisional exchange data.

Elsewhere in Asia, bourses in Tokyo and Seoul were trading on a positive note in mid-session deals, while Shanghai and Hong Kong were in the red.

US equities finished mixed in the previous session.

International oil benchmark Brent crude was trading 0.25 per cent higher at USD 73.04 per barrel.

(With IANS & PTI Inputs)

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