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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Sabarimala gold loss: How did the accused reach Rahul's home, asks Vijayan
Thiruvananthapuram (PTI): Kerala Chief Minister Pinarayi Vijayan on Tuesday hit back at Rahul Gandhi for targeting the ruling CPI(M) over the Sabarimala gold loss case during a poll campaign, questioning how the accused in the case had managed to reach the Congress leader's home.
The Marxist veteran was apparently referring to a widely circulated purported photograph in which the prime accused in the Sabarimala gold loss cases, Unnikrishnan Potty, accompanied by some senior Congress leaders, was seen with Sonia Gandhi at her residence in Delhi.
He also said people have already given a reply to Rahul, the Leader of Opposition in the Lok Sabha, on this matter.
The CM's reaction came a day after Rahul sang a line from a popular parody song about CPI(M) leaders' alleged roles in the gold theft at the Sabarimala temple while addressing a corner meeting as part of the assembly polls campaign in Pathanamthitta district.
As he sang the line "swarnam kattathu aarappa" (who stole the gold of Ayyappa) from a song used by the Congress-led UDF to target the ruling Left during the local body polls a few months ago, at the meeting in Pathanamthitta -- the district where the hill shrine of Lord Ayyappa is located-- the crowd cheered Rahul.
Soon after Gandhi targeted the Left party over the gold loss issue, CPI (M) activists began a social media campaign making allegations against his mother and former party chief Sonia Gandhi in connection with the matter.
While replying to a question regarding this, CM Vijayan said the Congress leader already got a befitting reply and should he also repeat the same.
"If he thinks about how all those who were involved in the stealing had reached his home...then he will get a reply. Anyway, we don't have any such flaws," Vijayan added.
Attacking the Left and the BJP over the Sabarimala gold loss issue, Rahul Gandhi on Monday had said that Prime Minister Narendra Modi had forgotten about what happened in Sabarimala, during his visit to Palakkad as part of election campaign.
Rahul claimed that the prime minister remained silent to avoid damaging the LDF.
He had also said that a UDF government would ensure that those responsible for alleged irregularities related to the temple are punished.
