Dalal Street was at its lifetime high on Tuesday amid broad-based buying, positive global cues and ahead of the expiry of derivative contracts. Sensex has touched a new all-time high of 53,057.11 in the early deals. The 30-scrip index has climbed by at least 483 points so far today. SmallCap and a combination of large and midcaps stocks outperformed.
At around 11.07 am, Sensex was trading at 52,969.02 up by 394.56 points or 0.75%.
On Sensex, bull stocks were - Maruti Suzuki surging 4.2% followed by L&T soaring 2.2% and Ultratech Cement advancing 1.5%. Stocks like TCS, SBI, ICICI Bank, Titan, HDFC Bank, HDFC, M&M, IndusInd Bank and Reliance Industries strengthened between 0.75-1%.
On the other hand, FMCG stocks halted their gaining spree. Hindustan Unilever was the top laggard plunging by 0.9%, while Nestle dived by 0.8%. Bajaj Finance dipped by 0.5%, while Power Grid, Sun Pharma and Dr Reddy's Lab were marginally down.
In terms of sectoral indices, BSE Auto outperformed surging 423 points, while BSE Bankex advancing over 325 points. BSE Capital Goods and BSE IT soared by 350 points or over 241 points.
In the broader markets, BSE Sensex Next 50 which are liquid stocks, skyrocketed by 494 points. PEL, Adani Green, Indus Tower, Ashok Leyland, Shree Cement, ICICI Prudential Life, DMart, Adani Enterprises and Colgate Palmolive were top gainers soaring between 2-6%.
BSE Sensex Next 50 is the next 50 largest and liquid stocks after the components of the SENSEX 50 in the BSE LargeMidCap.
In terms of percentage, BSE SmallCap was a star performer soaring by nearly 330 points. MM Forgings, Dredging Corp, BirlaCable, Dhanlaxmi Bank, Vindhya Telelinks, SREI Infra and IFCI were top bulls soaring by 10-14%.
Indian markets are on a bull run on Tuesday as investors globally calm from worries over early hikes in US interest rates, while the dollar pulls back and focuses on economic growth emerges. Back at home, the expiry of derivative contracts adds to the intraday swings. Another volatile trade can be expected today.
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