Markets close near fresh highs; Sensex over 61,300, Nifty 50 near 18,340; Banking and financial stocks outperform

All indices were on a bullish tone with banking, financials, IT, Metal and consumer durables stock outperforming.

Oct 14, 2021 03:10 IST India Infoline News Service

Markets closed near their fresh historic highs on Thursday, a day for weekly F&O expiry. All indices were on a bullish tone with banking, financials, IT, Metal and consumer durables stock outperforming.

Broader positive Asian cues except for Hong Kong and Chinese shares, also added to the upside mood in domestic equities. The corporate earnings season for Q2FY22 continues to play a major role in the markets outlook.

Sensex closed at 61,305.95 up 568.90 points or 0.94%. Nifty 50 finished at 18,338.55 higher by 176.80 points or 0.97%.

Earlier today, Sensex has hit a new 52-week high of 61,353.25. Nifty 50 also crossed a new all-time high of 18,350.75.

Riding on the super rally, BSE market capitalisation has reached nearly Rs273 lakh cr.

In the closing bell, Nifty Bank, Nifty Metal and Nifty Financial Services jumped nearly 2% each, while the IT, Realty and Consumer Durables index jumped over 1% each.

On BSE, the Bankex index soared over 735 points.

Top bulls on Sensex were - ITC, HDFC Bank, Power Grid, ICICI Bank and IndusInd Bank climbing 2-3%.

Top bears on Sensex were - TCS, HCL Tech, Bajaj Finance, Asian Paint and Bharti Airtel plunging 0.5-1%. 

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