Sensex, Nifty close at record high as IT stocks rally

Benchmark market indices Sensex and Nifty closed at a record high on Tuesday as IT stocks rallied and sentiments improved due to falling Covid-19 cases.

Indian shares extended their record-high closing run to a fourth day on Tuesday as gains in IT and consumer stocks and falling domestic COVID-19 cases helped offset losses in metal and banking stocks and investor concerns around global economic growth. The blue-chip NSE Nifty 50 index ended 0.31% higher at 16,614.6, while the benchmark S&P BSE Sensex was up 0.38% at 55,792.27.