Benchmark indices closed at record highs on Tuesday supported by gains in telecom, metal and pharma stocks. The Sensex index hit a high level at 34,005.37. The Nifty rose 0.2% to an all-time high of 10,515 points during the day.
Market closed with the BSE Sensex on rise by 70.31 points to 34,010.61, while the NSE Nifty gained 38.50 points to close at 10,531.50. The broader markets out-performed, with BSE Midcap as well BSE Small cap closing with stellar gains.
Gains are led by Reliance, Bharti AIrtel, Yes Bank and ICICI Bank. All sector ended higher led by the BSE Telecom Index which gained at 2.3%.
Shares of RCom surges 37.89% to Rs.22.49 after the company announced debt recast plan, while shares of Reliance firms rose on the back of announcements related to debt reduction issues.
Shares of Bharti Airtel, Yes Bank and Ambuja Cements gained the most on Sensex and Nifty while NTPC, SBI and Coal India were the top losers.
With the positive breadth, there were 1,688 advances, against declines of 1084 shares, while 178 shares are unaffected.
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