Sensex, Nifty hit record peaks in opening session
Mumbai, Nov 26: Market benchmark BSE Sensex jumped over 200 points in early trade on Tuesday to hit its record high of 41,108, and NSE Nifty surged to its lifetime peak of 12,126 amid sustained foreign fund inflow and positive global cues.
The 30-share index was trading 218.82 points, or 0.54 per cent, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43 per cent, to 12,125.50.
Top gainers in the Sensex pack included Yes Bank which rose up to 1.57 per cent, Tata Steel 1.54 per cent, Sun Pharma 1.45 per cent, ICICI Bank 1.48 per cent, Infosys 1.10 per cent and RIL 0.76 per cent.
On the other hand, Bharti Airtel fell up to 1.73 per cent, Kotak Bank 0.40 per cent, Bajaj Auto 0.33 per cent, L&T 0.22 per cent and Hero MotoCorp slipped 0.05 per cent.
On Monday, the Sensex ended 529.82 points, or 1.31 per cent, higher at 40,889.23 -- it's all-time closing peak. Likewise, the Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 -- just shy of its life-time closing high.
According to experts, market is on a high tracking sustained buying from foreign investors over the last couple of weeks, easing global worries on the trade tariff front, new developments over divestment to curb fiscal deficit and expectations of cut in interest rate by the Reserve Bank of India.
Short covering ahead of the expiry of November derivatives contracts on Thursday is also contributing to the rally, traders said.
Foreign institutional investors bought shares worth Rs 960.90 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 213.66 crore, data available with stock exchange showed.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a mixed note.
Stocks on Wall Street ended in the green on Monday.
On the currency front, the rupee appreciated 8 paise against the US dollar to trade at 71.66 in early session.
Brent futures, the global oil benchmark, slipped 0.05 per cent to USD 62.59 per barrel.
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Kane scores hat trick and Bayern extends Bundesliga lead to 11 points
Berlin (AP): Harry Kane was substituted in at the hour mark and still had enough time to score a hat trick on Saturday.
The England captain took his goal tally for Bayern Munich this season to 28 and the defending champions extended their lead to 11 points after thrashing Stuttgart 5-0 on the road.
Second-placed Leipzig later hosted Eintracht Frankfurt.
With Kane on the bench, Konrad Laimer took on the scoring duties and produced a superb finish. The Austria midfielder collected a long ball and combined with Michael Olise before slotting home from close range with a subtle backheel past goalkeeper Alexander Nübel in the 11th minute.
Kane made it 2-0 with a low shot into the bottom corner and Josip Stanišic added his name to the scoresheet. Kane added further luster to the win from the penalty spot after Stuttgart was reduced to 10 men for Lorenz Assignon using his arm to clear a ball in the 81st.
Kane completed the rout with a flick from an Olise cross with two minutes left. He has found the net five more times with England this season, taking his total to 33 goals for club and country.
Stuttgart had chances before halftime but lacked a cutting edge. Midfielder Nikolas Nartey thought he equalized only for his goal to be ruled out for offside after a VAR check.
Bayern Munich is unbeaten in 16 league and cup games against German opposition this season.
Other results
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Bayer Leverkusen suffered a fourth loss, 2-0 at Augsburg.
Defender Dimitrios Giannoulis put the host in front after six minutes then turned provider to set up forward Anton Kade. Leverkusen, which hit the woodwork, remained in fourth place, 14 points behind Bayern.
Wolfsburg scored from all of its shots on target and moved four points clear of the relegation zone after beating Union Berlin 3-1. Heidenheim defeated Freiburg 2-1. Cologne and St. Pauli drew 1-1.
