Sensex Gains 222 Pts, Nifty Above 15,860
The Dalal-Street kept its momentum upbeat and continued the winning streak for the fourth consecutive day on Tuesday, June 15 which also led 500 stocks in the BSE Sensex to scale their 52-week highs.
Investors took a note of a SBI report that the fiscal condition of the Centre and the states will be substantially better than anticipated for FY22 if there is no third wave of Covid-19 epidemic, and the states may garner Rs 60,000 crore higher in tax receipts at Rs 8.27 lakh crore this fiscal year than they had projected, said experts.
The BSE Sensex after reaching its new record high of 52,869, and ended the day higher by 221.52 points at 52,773. The Nifty-50 index hit its record high of 15,901.60 and closed the day up by 57.40 points at 15,869.25.
Shares of Asian Paints surged over two per cent in the day's trade, while those of Axis Bank, ICICI Bank, and HUL gained over a per cent each in the 30-share pack Sensex.
Among the sectors, Energy, Metal, Pharma, and PSU stocks ended the day in red, while Private Banks and Realty stocks surged over a per cent each in the intraday session.
Apart from this, shares in the Hospitality and Tourism sector also witnessed good buying interest as the economic activities are now opening up in several states and the demand is likely to get better than the previous couple of months, said, experts.
Shares of IRCTC, Lemon Tree Hotels, Chalet Hotels, and Mahindra Holidays and Resorts surged 1-4 per cent during the day's trade.
However, on the flipside, Divis Labs, Coal India, Bajaj Finserv, and Hindalco ended among the top index losers dipping over a per cent each.
In the overall market breadth, 1894 shares advanced, 1256 shares declined, and 139 shares were unchanged.
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