Maruti Suzuki drives market euphoria: Sensex, Nifty notch all-time closing highs
Maruti Suzuki and consumer stocks kept D-Street benchmarks on track to continue their post-election rally. The 30-share Sensex advanced 391 points to settle at 80,352. The broader NSE Nifty gained 113 points to top 24,430. A strong macroeconomic growth outlook and steady return of foreign inflows also boosted investor sentiments.
Indian benchmark equity indices 50 and logged all-time closing high levels on Tuesday as car maker and consumer stocks helped the benchmarks continue their post-election rally. A strong macroeconomic growth outlook and steady return of foreign inflows continued to aid sentiment.The 30-share BSE benchmark Sensex advanced 391 points or 0.49% to settle at 80,352. The broader NSE Nifty gained 113 points or 0.46% to end at 24,433.
From the Sensex pack, Maruti Suzuki, M&M, , and closed 2-6% higher, while , , , and ended in the red.
On the sectoral front, Nifty Auto ended 2.2% higher, led by Maruti Suzuki and M&M. Nifty Pharma, Bank, Financial Services, FMCG, Realty, and Healthcare also closed higher.
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Source: Stocks-Markets-Economic Times
