Indian shares ended Tuesday at record closing highs, led by gains in energy and financial stocks and positive sentiment in global markets after the US Mexico agreement to overhaul their trade deal. The S&P BSE Sensex and the CNX Nifty gained by 0.52% and 0.40%, respectively.
Major headlines
• OBC plans to raise fund via QIP
• Lupin gets FDA nod for Gabapentin Tablets
• Parag Milk expands its foot print in North India
Indian indices
Markets ended largely higher; Sensex, Nifty post record closing highs. Indices settled at their record closing highs on Tuesday taking positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
Market breadth in favour of declines with advance-decline ratio at 2:3.
Today intra-day, the S&P BSE Sensex hit a new all-time high of 38938.91 while Nifty touched its record high level of 11,760.20.
The S&P BSE Sensex settled at a fresh record closing high of 38896.63, up 202.52 points, while Nifty closed at a new high of 11738.50, up 46.55 points.
Indices performance for the day
| Indices | Value | Chg (pts) | Chg (%) |
|---|---|---|---|
| BSE Sensex | 38896.63 | 202.52 | 0.52 |
| NSE Nifty | 11738.50 | 46.55 | 0.40 |
| BSE Midcap | 16671.30 | -58.96 | -0.35 |
| BSE Smallcap | 17043.38 | 61.24 | 0.36 |
Following are the stocks/sectors which were in news today:
• Vipul jumped 4.89% on BSE after the company received letter of award for the operations, maintenance, management and transfer of Wayside Amenities Facility along Agra-Lucknow Expressway.
• JBF Industries rose 5% on BSE after the company's board approved debt restructuring plan for its subsidiary JBF Petrochemicals.
Market sentiment
Market breadth (No of shares)
| ___ | BSE | NSE |
|---|---|---|
| Advance | 1190 | 716 |
| Decline | 1506 | 1028 |
Volume (Rs in crore)
| ___ | BSE | NSE |
|---|---|---|
| Cash | 2829.43 | 32582.52 |
| F&O | - | 990221.70 |
Global signals
Asia markets were broadly higher on Tuesday afternoon following yet another day of record highs on Wall Street, as the US and Mexico announced a new trade agreement.
European stocks were slightly higher Tuesday morning, with risk appetite sharpened by news the U.S. and Mexico had reached a deal to overhaul the North American Free Trade Agreement (NAFTA).