Mumbai: Share prices closed up 0.25% at a new record high on 16 July in choppy trade, dealers said. The Sensex ended at new peak of over 15,311 on 16 July on sustained buying in blue-chip stocks led by reality and metal segments.
The BSE-30 share index added 88.50 points at 15,311.22, after touching a high of 15,341.38 and a low of 15,239.41 points during the day. Similarly, the wide-based National Stock Exchange’s index Nifty shuttled between 4,521.85 and 4,495.95 points before ending at 4,512.15, a gain of 7.60 points.
The rally in the market was mainly due to a surge in reality and metal stocks. Reality segment index gained the most, adding 140.29 points at 7,917.93, followed by banking index by 104.90 points at 8,383.65. Metal index rose by 90.08 points at 12,090.98.
India’s largest software exporter Tata Consultancy Services, or TCS, fell Rs8.95 or 0.79% to 1,127.9, ahead of its earnings for the first quarter ended June due later on 16 July.