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Bank, PSU shares attract support

MUMBAI: The stock market rallied ahead for the third session in a row, with key indices Sensex and Nifty closing at record highs on active buying in bluechip stocks and increased FII inflows.

Small-cap and mid-cap segments too attracted good buying interest and registered smart gains.

On a day when other Asian markets saw mixed trading, the 30-share BSE Sensex advanced to an all-time intra-day high of 15341.38 points before winding up at a new peak of 15311.22, a gain of 38.50 points over Friday’s close.

The broader S&P CNX Nifty of the National Stock Exchange also jumped to a trading high of 4521.85 before closing at a record high of 4512.15, up 7.60 points over the previous close.

Riding high on fairly good liquidity and analyst forecast of better-than-expected first quarter financial results, the market climbed new peaks, discounting sluggish trend in Asia. Bank, PSU and realty shares attracted good buying support and pushed their respective index on the BSE.

— PTI

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