INSUBCONTINENT EXCLUSIVE:
Bharti Airtel, Infosys, Kotak Mahindra Bank and Reliance Industries
The benchmarks touched record highs during the session, with the Sensex rising as much as 377 points to hit an all-time high of 54,779.66
and Nifty 50 index touching a record high of 16,359.25
However, the Sensex turned volatile in the noon session to end 152 points or 0.28 per cent higher at 54,555 and Nifty 50 index advanced 22
points to close at 16,280.The market turned highly volatile in the afternoon as valuations are getting frothy at record highs, leading to
profit booking across the sectors, analysts said.The broader markets under-performed the benchmark indices; the market breadth was extremely
negative as 2,496 shares ended lower, while 762 closed lower on the BSE."16,200 is an important support level for Nifty in the short term
Research.11 of the fifteen sector gauges compiled by the National Stock Exchange ended lower, led by the Nifty Metal index's over 3 per
Nifty PSU Bank, Media and Realty indices also fell 2-3 per cent each
Nifty Bank index also fell 426 points from the day's highest level.On the other hand, IT and financial services shares witnessed some
buying interest.Mid- and small-cap shares witnessed intense selling pressure as Nifty Midcap 100 index fell 1.2 per cent and Nifty Smallcap
100 index dropped 2.5 per cent.Bharti Airtel was top Nifty gainer; the stock rose over 4 per cent to hit a record high of Rs 628
Tech Mahindra, HDFC, Kotak Mahindra Bank, Mahindra - Mahindra, Wipro, HCL Technologies, Tata Consumer Products, Divi's Labs and Infosys
were also among the gainers.On the flipside, Shree Cements, JSW Steel, Tata Steel, Hindalco, Power Grid, NTPC, Indian Oil, Grasim
Industries, ITC, Bharat Petroleum and State Bank of India were among the losers.
