Markets continue record run; Sensex, Nifty climb to lifetime highs

Sensex closed above the 77,000 level for the first time.

Benchmark Sensex closed above the 77,000 level for the first time, and broader Nifty scaled a fresh peak on Tuesday as key equity indices stayed on the record-breaking run powered by a rally in index majors ICICI Bank, HDFC Bank and Infosys.

Besides, renewed foreign fund inflows amid a firm trend in global equities boosted investor confidence, traders said.

In a range-bound session, Sensex and Nifty settled at their new closing all-time high levels amid intense demand for realty, consumer durable and utility stocks.

Rising for the third straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40% to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48% to hit the fresh lifetime peak of 77,366.77.

As many as 2,167 stocks advanced while 1,836 declined and 147 remained unchanged on the BSE.

The NSE Nifty went up by 92.30 points or 0.39% to hit a record closing high of 23,557.90 for the fourth straight session. It rallied 113.45 points or 0.48% to hit the new all-time high of 23,579.05 during the day trade.

“The Indian market touched record highs again and is gradually expanding the gains achieved following the national election. It is responding positively to the upcoming budget, which is anticipated to strike a balance between growth and populism.