Closing bell: Sensex, Nifty close at record highs; Midcaps, metals surge

BSE Sensex closed to a fresh record high on Friday on the back of continued capital inflows and positive cues from global stock markets. In intraday trade, the 30-share index jumped 183 points to hit an all-time high of 36,902.06. Gains were capped after market heavyweights Kotak Bank, Reliance Industries and TCS came under selling pressure. NSE’s Nifty 50 touched a peak of 11,143.40, merely 28 points shy of its all-time high of 11,171. The Indian rupee weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury yields. Stocks in Europe and Asia gained for the third straight day, as China vowed fiscal action to support its economy and strong results from internet giant Alphabet boosted the tech stocks. Meanwhile, foreign investors bought shares worth a net of Rs 259.37 crore, while local investors bought shares worth a net of Rs 124.82 crore on Monday, provisional data showed.
Referenced By- https://www.livemint.com/Money/HyCk1PNYPLe4Gh2UUr10FJ/Stock-Market-LIVE-Sensex-Nifty-set-for-cautious-start.html