look news india
The stock market witnessed a bullish trend for the third consecutive trading session. The benchmark BSE Sensex closed at a high of 84,925.61 on Monday, up 0.45 percent or 384 points. While the NSE Nifty rose 0.57 percent to 148.10 points.
Nifty reached a new intraday high of 25,939.05 points. During the trading session, the BSE Sensex rose 436.22 points. Thus, the Sensex reached an all-time high of 84,980.53 points. While the Nifty jumped 165.05 points to reach a new high of 25,956 points. The market has seen a rise due to the hope of interest rate cut by the US Fed. Apart from this, the market also got a boost from the shine of PSU banks and realty sector. The PSU bank index rose more than three percent. While the realty index rose two percent. Along with this, shares of auto, FMCG, metal, pharma, media sector saw a rise of 0.5 percent to one percent. Mahindra & Mahindra topped with a gain of 3.29 percent, SBI 2.55 percent, Bharti Airtel 2.25 percent and Kotak Bank 1.71 percent. BSE's midcap and smallcap indices rose by 0.73 percent. DIIs and FIIs were net buyers in the Indian market. Their net worth increased by Rs 1,022.64 crore and Rs 404.42 crore, respectively.