Sensex, Nifty touch all-time high

Equity benchmark indices Sensex and Nifty continued their dream run on July 19, reaching record high levels in early trade, driven by foreign fund inflows and optimism in the U.S. markets.

Equity benchmark indices Sensex and Nifty continued their dream run on July 19, reaching record high levels in early trade, driven by foreign fund inflows and optimism in the U.S. markets.

Buying in index majors Reliance Industries and HDFC Bank also helped the markets maintain their winning momentum.

Rallying for the fifth day running, the 30-share BSE Sensex climbed 293.59 points to reach its new all-time intra-day peak of 67,088.73 in early trade. The NSE Nifty gained 80.3 points to hit record intra-day high of 19,829.55.

From the Sensex pack, NTPC, IndusInd Bank, Infosys, Power Grid, Tech Mahindra, Wipro, Reliance Industries and HDFC Bank were the biggest gainers.

IndusInd Bank quoted nearly 2% higher after the company on Tuesday reported 30% jump in consolidated net profit for April-June at ₹2,124.50 crore, helped by core income growth and lower bad loan provisions.

Maruti, Mahindra & Mahindra, Asian Paints, Tata Consultancy Services, Bharti Airtel and Nestle were among the laggards.

Foreign Institutional Investors (FIIs) continued their buying activity on Tuesday as they bought equities worth ₹2,115.84 crore, according to exchange data.