{"id":135739,"date":"2021-08-16T14:43:19","date_gmt":"2021-08-16T14:43:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135739"},"modified":"2021-08-16T14:43:19","modified_gmt":"2021-08-16T14:43:19","slug":"sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally\/","title":{"rendered":"Sensex, Nifty scale new peaks; RIL, HDFC duo lead rally"},"content":{"rendered":"

Tata Steel was the top gainer in the Sensex pack, rallying nearly 4%, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries.<\/h2>\n

Equity benchmarks Sensex and Nifty raced to new peaks on August 16 on account of healthy buying in heavyweights Reliance and HDFC twins as well as IT and pharma shares.<\/p>\n

At the closing bell, the BSE Sensex was quoted higher by 145.29 points or 0.26% at a new closing high of 55,582.58. It also hit a record intra-day high of 55,680.75.<\/p>\n

Similarly, the broader NSE Nifty advanced 33.95 points or 0.21% to mark a fresh closing high of 16,563.05. During the day, it rose to new intra-day peak of 16,589.40.<\/p>\n

Tata Steel was the top gainer in the Sensex pack, rallying nearly 4%, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries.<\/p>\n

On the other hand, Maruti, Bajaj Auto, PowerGrid ad UltraTech Cement were among the major laggards.<\/p>\n

Sectorally, BSE metal, energy, oil and gas, FMCG and finance indices rose up to 1.79%, while telecom, auto, capital goods and power indices fell up to 0.99%.<\/p>\n

Broader midcap and smallcap indices underperformed the benchmark, shedding up to 0.57%.<\/p>\n

"Markets traded lacklustre and ended marginally higher, in absence of any major trigger. The tone was muted in the beginning however healthy buying in select heavyweights like Reliance combined with stocks from the metal and financials space aided the index to inch higher as the session progressed,\u201d Ajit Mishra, VP – Research, Religare Broking, said.<\/p>\n

\u201cThe broader market indices continued their underperformance and ended lower in a range of 0.3 to 0.8%,\u201d he added.<\/p>\n

"As the results season is largely behind us, domestic factors viz. updates on further unlocking and pace of vaccination will remain in focus. Meanwhile, performance of the global indices may induce further volatility. Since we\u2019re seeing limited participation, traders should focus on sectors which are trading in sync with the benchmark and wisely choose the stocks,\u201d Mr. Mishra said.<\/p>\n

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with losses, while Shanghai was positive.<\/p>\n

Equities in Europe were also trading on a negative note in mid-session deals.<\/p>\n

Forex and money markets were closed on August 16 on account of ‘Parsi New Year’.<\/p>\n

Meanwhile, international oil benchmark Brent crude fell 1.33% to $69.65 per barrel.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tata Steel was the top gainer in<\/p>\n","protected":false},"author":3,"featured_media":135738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nSensex, Nifty scale new peaks; RIL, HDFC duo lead rally - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sensex, Nifty scale new peaks; RIL, HDFC duo lead rally - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Tata Steel was the top gainer in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-16T14:43:19+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Sensex-Nifty-scale-new-peaks-RIL-HDFC-duo-lead-rally.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/sensex-nifty-scale-new-peaks-ril-hdfc-duo-lead-rally\/\",\"name\":\"Sensex, Nifty scale new peaks; 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