Nifty hits 16,000-mark for the first time, Sensex scales to new high of 53,486
On an intraday basis, Sensex touched a new peak of 53,478 and Nifty scaled to a new lifetime high of 16,025.
After a firm opening, Indian benchmark equity indices scaled fresh lifetime peaks led by gains in FMCG stocks tracking positive macroeconomic indicators. At 12:58 pm, after hitting a new lifetime high of 53,486, Sensex surged 519 points or 0.98% to 53,470. Similarly, Nifty 50 soared past the 16,000-mark and quoted 16,025, up 140 points or 0.89% from its previous close. On an intraday basis, Nifty touched a new peak of 16,026.
Gainer & losers
Top gainers & losers on the Sensex.
Sectoral strand
On the sectoral front, Nifty Pharma, Nifty FMCG and Nifty IT indices were trading with gains of around 1%. While Nifty Realty, Nifty Bank and Nifty Auto, indices rose around 0.50%.
On the downside, the Nifty Metal index lost 0.42%
Broader market
Unlike benchmark indices, some amount of pain was visible in the broader market. As BSE MidCap index lost 0.12% to 23,303 after hitting a fresh high of 23,442. On the other hand, BSE SmallCap index was quoting at 27,142 was up 0.26% after making a fresh high of 27,232 earlier in the day.
However, the market breadth was in favour of bulls as 1,758 stocks advanced compared to 1,372 declined and 124 remained unchanged.