Sensex Surges For Sixth Day amid jump in Auto, Energy Stocks
August 16, Mumbai: The benchmark Sensex in India rose 379 points on Tuesday, powered by robust buying support in auto, energy, infrastructure, and banking companies on bullish global signals.
The 30-stock S&P BSE Sensex rose 379.43 points, or 0.64 percent, to settle at 59,842.21 points, up from 59,462.78 points the previous session.
The Sensex opened the day higher at 59,675.12 points and rose to a high of 59,923.03 points intraday. The Sensex dropped to 59,673.96 points intraday.
The Nifty 50 index of the National Stock Exchange advanced 127.10 points, or 0.72 percent, to 17,825.25 points.
The Nifty opened the day up at 17,797.20 points and jumped to a high of 17,839.10 points intraday.
The market rise was spearheaded by auto stocks. Mahindra & Mahindra hit an all-time high after announcing a partnership with Volkswagen to advance the electrification of the Indian automobile sector.
The Mahindra & Mahindra share price finished at a new high of Rs 1288.40, up 2.28 percent over the previous session’s closing. The stock reached an intra-day high of Rs 1298.80.
Maruti Suzuki’s stock increased 2.19 percent to Rs 8890.05. Asian Paints increased 2.9% at Rs 3497.55. Hindustan Unilever increased 1.9% at Rs 2644.55.
In the last hour of trading, Reliance Industries Limited received strong buying support. The index heavyweight rose 0.68 percent to Rs 2650.55.
Among the big Sensex gainers were HDFC Bank, HDFC, Tech Mahindra, Bajaj Finserv, Titan, Dr Reddy’s Laboratories, ITC, and Axis Bank.