Sensex hits record high; IT stocks extend rally
Published On: Thursday, July 15, 2021 | By: Team KnowMyStock
Market bulls lifted indices to fresh record highs today(15th July 2021) as investors bought realty and IT stocks. The frontline S&P BSE Sensex index ended at a new closing peak of 53,159 levels, up 255 points or 0.48 percent while the Nifty50 index shut shop at 15,924-mark, up 74 points or 0.47 percent. The reassurance by the US Fed to keep interest rates near zero uplifted morale. IT stocks continued to be in demand while auto stocks saw profit booking. IT results out so far including that of majors like TCS NSE -0.36 % and Infosys NSE 0.25 % indicate a strong order pipeline, emboldening the companies to raise their revenue guidance to 14 to 17 percent. This augurs well for the industry and can invite further, said analysts.
The 30-share pack Sensex climbed 254.80 points or 0.48 per cent to close at 53,158.85. Its broader peer NSE Nifty rose 70.25 points or 0.44 per cent to 15,924.20. Both indices rose for the third day, climbing fresh peaks.
Market Highlights:
- L&T Tech Services surges 18 per cent after a strong Q1 show
- Sequent Scientific climbs 8 per cent after tablet approval in Turkey
- Titan end in the red after Jhunjhunwalas trim stakes
- HCL Tech surges 5 per cent in anticipation of superior Q1 earnings
- IPO watch: Zomato issue subscribed 1.74 times
Tags: Market bulls Sensex Nifty
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