Buoyed stock market, Nifty closes at new height

Nifty at 11,790 level
Nifty at 11,790 level

The second trading day of the week is historic for the Indian stock market. On Tuesday, Sensex and Nifty set new records. At the end of the business, the Sensex climbed nearly 370 points to close at record levels of 39,276. Nifty closed 97 points higher at 11,787 level. The Sensex gained 400 points during the trade, while the Nifty crossed the 11,800 mark. This record of Nifty has an edge.

What are the stocks of

During the business, the banking sector has the highest increase in the stock. IndusInd Bank's shares rose nearly 4 percent, while ICICI Bank's stock rose by 3.58 percent. In addition, ONGC's shares were 2.50 per cent, L & T's shares were 1.82 per cent, Maruti's shares closed with a 1.74 per cent increase. The Asian Paints, Bajaj Auto, Hero Moto Corp, M & M, Kotak Bank and an increase of 1 per cent in TCS. Shares of Power Grid, Infosys and Tata Motors closed on the red mark.

Reasons for the market

The biggest reason for the rise in the stock market is the positive result of the IT sector companies. Apart from this, the Meteorological Department had expected this year to be normal monsoon. The foreign investor inflow has increased in the domestic market.

Rise in gold prices

Falling for the fourth straight day, gold stalled on Tuesday and it rose by Rs 170 to Rs 32,790 per 10 gram in Delhi. Silver coins also recovered by Rs 250 to Rs 38,350 per kg on increased offtake by industrial units and coin makers. Traders said that demand for local jewelers has increased due to the rise in gold prices. However, a weak trend on the global side has put pressure on profit.