Benchmarks Soar To Fresh Peaks; Sensex Jumps 228 Points

▨Equit♊y benchmark Sensex jumped 228 points to its fresh lifetime high on Monday, tracking gains in index heavyweights Reliance Industries, TCS and ICICI Bank.

After starting on a tepid note, the 30-share BSE index rose 228.46 points or 0.44 per cent⛄ to finish at its all-time high of 52,328.51.

Similarly, the broader NSE Nifty surged 81.40 points or 0.52 pꦑer cent to a🎉 record 15,751.65.

PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, Ul🔯traTech Cement, Tech Mahindra, Reliance Industries and IndusInd♋ Bank.

On the 𒆙other hand, Bajaj Finance, Bajaj Finserv, HDFC and Dr Reddy’s were among the laggards𝓀.

𒅌"Domestic equities extended gain with benchmarks recording fresh all-time highs as sharp decline in daily caseload and states started easing business curb lifted sentiments," said Binod Modi, Head - Strategy at Reliance Securities.

A sharp rebound was seen i🅘n private banks, autℱo and IT which supported market, while metals and pharma witnessed profit booking.

He further noted that midcap and smallcap stocks were aga🔯in in focus as investors appeared to be lapping up these counters in the backdrop of improved visibility ♎of earnings recovery.

Elsewhere in Asia, bourses in ไꦆShanghai, Tokyo and Seoul ended with gains, while Hong Kong was in the red.

Stock exchanges in Europe were largely trading with losses in m꧋id-🦋session deals.

International oil benchmark Br🌃en🃏t crude was trading 0.58 per cent lower at USD 71.47 per barrel.