Nifty at new peak, Sensex reached near 52,000

Mumbai| The National Stock Exchange’s Nifty 50 hit a new record high on Monday, while the BSE Sensex fell short of ending above the 52,000-mark. Nifty closed at a new record high of 15,582.80, up 147.15 points or 0.95 per cent from its previous close. During the day, it also touched a fresh intraday high of 15,606.35.

The BSE Sensex closed at 51,937.44, up 514.56 points, or 1 percent, to close at 51,422.88. It opened at 51,476.22 and touched an intraday high of 52,013.22 and a low of 51,179.94. Good buying was witnessed in metal and oil & gas stocks.

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The rise in the shares of index heavyweight Reliance Industries (RIL) also gave strength to the market. RIL shares closed at Rs 2,153.50 on the NSE, up Rs 58.70 or 2.80 per cent from the previous close.

Shrikant Chauhan, Executive Vice President, Equity Technical Research, Kotak Securities, said, “Today, the market unexpectedly closed much better. Initially, the market moved to Friday’s low, however, it was only for a short period of time and the market Coming back soon.”

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Noting that the market is in control of the bulls, he said market giants Reliance, ITC, Tata Steel, ICICI Bank and HDFC Twins all helped the market close higher.
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