INSUBCONTINENT EXCLUSIVE:
Stock markets on Tuesday: Reliance, Axis Bank, Sun Pharma majorly contributed to the gains in Sensex.Domestic stock markets settled
Tuesday's session on fresh closing highs after touching life-highs earlier in the session
Breaking its previous record closing of 11,551 hit on Monday, the NSE's Nifty50 index climbed 19.15 points or 0.17 per cent to settle at
The SP BSE Sensex rose 7.00 points, or 0.02 per cent, to end at 38,285.75, surpassing its previous record closing of 38,278 marked on Monday
rupee against the US dollar aided the key indices to arrest the slide.Major gainers in the Sensex pack were Coal India (+2.06%), Axis Bank
(+1.92%), NTPC (+1.70%), Sun Pharma (+1.69%), Wipro (+1.48%) and Reliance Industries (+0.94%)
(+2.99%), Coal India (+2.52%), Lupin (+2.29%) and Grasim (+2.27%) led the gains in the Nifty.According to brokers, unabated buying by
domestic institutional investors (DIIs) and positive sentiment in world markets helped domestic markets scale fresh highs
Investors have kept their eyes ion US-China trade talks and are optimistic about a positive outcome
The tariff war between the two economies has been keeping global markets uncertain for a while now
But, the US-China trade talks, which are scheduled to take place through Tuesday and Wednesday, have led to an improvement in market
sentiments, said analysts.VK Sharma, Head Private Client Group Capital Market Strategy at HDFC Securities said, "This was the 24th time
that the Nifty made a new high this calendar year and the seventh in this month
We expect the markets to consolidate in the coming days with an upward bias
The gradual hike of the Nifty has left investors in a daze
Investors are worrying about a non-existing worry, political uncertainty
We believe the uncertainty is way down than what it was in the aftermath of Karnataka elections
Markets will continue to rise and industry facing private sector banks will do better."Top laggards on the Sensex were Yes Bank (-0.72%),
Bharti Airtel (-0.72%), Mahindra Mahindra (-1.12%), Vedanta (-1.17%), Hindustan Unilever (-1.30%) and Tata Steel (-2.86%)
Key losers on the Nifty were TTata Steel (-2.57%), BPCL (-1.77%), Vedanta (-1.35%), Hindustan Unilever (-1.33%) and Mahindra Mahindra
(-1.09%).Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 593.22 crore, while foreign portfolio investors
(FPIs) sold shares worth a net of Rs 483.04 crore on Monday, provisional data from the NSE showed
