Sensex, Nifty close at fresh lifetime highs on positive global cues; Infosys rallies 5%, IndusInd Bank among top gainers

After rallying nearly 300 points to its record intra-day high of 41,899.63, the Sensex settled at a new closing peak of 41,859.69, up 259.97 points, or 0.62 percent.

Press Trust of India January 13, 2020 16:10:53 IST
Sensex, Nifty close at fresh lifetime highs on positive global cues; Infosys rallies 5%, IndusInd Bank among top gainers
  • According to traders, besides positive quarterly numbers from Infosys, positive domestic macro data and firm global cues boosted market mood here

  • After contracting for three months in a row, the Index of factory output recorded a growth of 1.8% in November, mainly on account of improvement in the manufacturing sector

  • Indian markets opened the week on a positive note following upbeat trend Asian markets as the long-awaited phase one trade deal between the US and China is set to be signed this week

Mumbai: Market benchmarks Sensex and Nifty ended at fresh lifetime highs on Monday, propelled by gains in Infosys amid positive domestic and global cues.

After rallying nearly 300 points to its record intra-day high of 41,899.63, the 30-share BSE index settled at a new closing peak of 41,859.69, up 259.97 points, or 0.62 percent.

Sensex Nifty close at fresh lifetime highs on positive global cues Infosys rallies 5 IndusInd Bank among top gainers

Representative image. Reuters

Likewise, the broader Nifty scaled its lifetime (intra-day) high of 12,337.75, before ending at 72.75 points, or 0.59 percent, higher at 12,329.55 — its new closing peak.

Both indices were driven by Infosys, that rallied 4.76 percent after the IT services major on Friday reported a 23.7 percent rise in consolidated net profit at Rs 4,466 crore for the December quarter.

IndusInd Bank, Bharti Airtel, HUL, M&M, Tata Steel, PowerGrid and Tech Mahindra too ended with gains on the BSE.

On the other hand, TCS, SBI, Bajaj Auto, ICICI Bank, RIL, Axis Bank and Nestle India finished in the red.

According to traders, besides positive quarterly numbers from Infosys, positive domestic macro data and firm global cues boosted market mood here.

After contracting for three months in a row, the Index of Industrial Production (IIP) recorded a growth of 1.8 percent in November, mainly on account of improvement in the manufacturing sector, as per government data released after market hours on Friday.

Further, Indian markets opened the week on a positive note following upbeat trend Asian markets as the long-awaited phase one trade deal between the US and China is set to be signed this week, experts said.

Bourses in Shanghai, Hong Kong and Seoul ended significantly higher, while European markets started on a positive note.

Brent crude oil futures rose 0.37 per cent to $65.22 per barrel.

The rupee appreciated 12 paise to 70.82 per US dollar (intra-day).

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

FA Cup: Leeds United stunned by Crawley Town; Chelsea, Manchester City advance
Sports

FA Cup: Leeds United stunned by Crawley Town; Chelsea, Manchester City advance

Since the Football League's fourth tier was added in 1958, this was only the second time a top-flight side had lost by three or more goals to opposition from that level in the FA Cup.

The M Night Shyamalan interview | 'Ramifications of pandemic coincide with the minimalistic way I like to tell my stories'
Entertainment

The M Night Shyamalan interview | 'Ramifications of pandemic coincide with the minimalistic way I like to tell my stories'

M Night Shyamalan says the pandemic protocols have only facilitated the way he likes to tell stories like Servant Season 2 on Apple TV+ — singular setting, limited cast, and deliberate quietness.

Sharing official secrets with journalists criminal act, says Rahul Gandhi on purported Arnab Goswami chats
India

Sharing official secrets with journalists criminal act, says Rahul Gandhi on purported Arnab Goswami chats

Gandhi was referring to allegations that the 'leaked' chats showed Goswami was reportedly privy to the Balakot air strikes beforehand