Stock Marketing Highlights: Sensex, Nifty close at record high, Metal and auto lead

Indian benchmark indices end at record high led by gains in Metals and Auto stocks.

The Sensex ended 133.14 points or 0.28 per cent higher at 47,746.22 while Nifty gained 49.40 points or 0.35 per cent to close at 13,982.70. Nifty Bank underperformed the frontline indices and ended flat at 31,303.05.

On Nifty 50 index UltraTech Cement (4.04 per cent), Shree Cement (3.19 per cent), Grasim (2.74 per cent) and UPL (2.44 per cent) were the top gainers for the day, while IndusInd Bank (-1.52 per cent), Sun Pharma (-1.12 per cent), Axis Bank (-0.81 per cent) and Bharti Airtel (-0.79 per cent) were the top losers for the day.

About 1642 shares have advanced, 1,257 shares declined and 177 shares remain unchanged.

Except Bank and Pharma, other sectoral indices ended in green led by Auto & Metal stocks. BSE Midcap and Smallcap indices ended in the positive territory.

Author’s View: Nifty looks all set to break 14,000 level. Every dip can be utilized to enter a fresh long position till Nifty trades above 13,800 level.    

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