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.
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