Benchmark indices NSE Nifty closed at 9306 levels, higher by 88 points or 0.9%, whereas the BSE Sensex closed at 29,943 levels, higher by 287 points or 0.9%. Nifty closed above 9300 for the first time since April 12, 2017.
Nifty, Nifty bank, Sensex, Nifty Midcap closed at their record high levels on Tuesday
.Nifty Bank crossed its 22,000 mark on Tuesday and has rallied 20.8% on YTD basis, whereas the Nifty delivered 13.3% returns on YTD basis. PSU banks' rally was majorly responsible to drive the
Bank Nifty above the mark of 22000. The index hit the record high of 22070 level, up by 213 points.
There were 884 advances, 777 declines and 297 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
Bharti Infratel was the top Nifty gainer whereas, Tata Power was the top Nifty loser.
Jain Irrigation Systems Limited (JISL) rallied 7.2% as the investors cheered the freeing from the ban on trades on futures and options contracts. The stock hit a fresh 52-week high of Rs 119.80 per share as soon as the markets opened on Tuesday. It closed at Rs 116.50 per share higher by Rs 5.50 or 4.9%.
The jewellery stocks had a jolly ride on the Indian bourses ahead of the Akshaya Tritiya festival on April 28, 2017.
The jewellery stocks including TBZ, Gitanjali Gems, Lypsa Gems, Tara Jewels and PC Jewellers traded higher in Tuesday’s session. TBZ saw the highest jump, closing at Rs 97.25 higher by Rs 7.6 or 8.5%.
Movers and Shakers of the day:
Indian Bank closed at Rs 309.20 per share, up by Rs 240.5 or 8.4%.
Biocon Ltd closed at by Rs 1153.80 per share up by Rs 87 or 8.2%.
Bayers Cropscience closed at Rs 4565 per share up by Rs 251.10 or 5.8%.
MRF Ltd closed at Rs 66525 per share up by Rs 2832.70 or 4.%.
