Sensex jumps 210 points to end at new peak; Nifty tops 16,600

Tech Mahindra was the top winner in the Sensex pack, followed by TCS, Nestle India, Titan, Infosys and HUL. (Representative image)

MUMBAI: The stock benchmark Sensex rose 210 points and ended Tuesday at a new high, tracking the gains of index majors Infosys, TCS, HUL and Tech Mahindra.
After hitting a new lifetime high of 55,854.88 during the day, the 30-share index traded 209.69 points, or 0.38 percent, higher at 55,792.27, while the broader NSE Nifty was down 51.55 points or 0.31 percent climbed to 16,614.60.
Tech Mahindra was the top winners in the Sensex pack with a plus of over 3 percent, followed by TCS, Nestle India, Titan, Infosys and HUL.
On the other hand, IndusInd Bank, NTPC, Bharti Airtel, Tata Steel and L&T were among the laggards.
“Domestic stocks remained volatile in the face of weak global signals. Mid-cap and small-cap stocks remain under pressure today, while the volatility index fell slightly, ”said Binod Modi, Head of Strategy at Reliance Securities.
The visibility of a sustained recovery in earnings in IT stocks against a backdrop of strong deal wins and the encouraging guidance shared by management in Q1FY22 drove investors to add IT stocks, he said.
Elsewhere in Asia, the Shanghai, Hong Kong and Seoul stock exchanges ended with significant losses.
Equities in Europe were also largely negatively traded in the middle of trading hours.
Meanwhile, the international oil benchmark Brent crude fell 0.24 percent to $ 69.34 a barrel.


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