• Post published:August 17, 2021
  • Post category:Market
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Tech Mahindra was the top gainer in the Sensex pack, followed by TCS, Nestle India, Titan, Infosys and HUL.

Equity benchmark Sensex surged 210 points to end at a fresh peak on August 17, tracking gains in index majors Infosys, Tata Consultancy Services Ltd. (TCS), Hindustan Univlever Ltd. (HUL), and Tech Mahindra.

After scaling a fresh lifetime high of 55,854.88 during the day, the 30-share index settled 209.69 points or 0.38% higher at 55,792.27,

The broader NSE Nifty advanced 51.55 points or 0.31% to a new closing high of 16,614.60. Intra-day, it touched new all-time peak of 16,628.55.

Tech Mahindra was the top gainer in the Sensex pack, rising over 3%, followed by TCS, Nestle India, Titan, Infosys and HUL.

On the other hand, IndusInd Bank, NTPC, Bharti Airtel, Tata Steel and L&T were among the laggards.

Of the Sensex constituents, 18 shares ended in the green and 12 in the red.

Sectorally, BSE IT, tech, healthcare, FMCG, consumer durables and power indices rose up to 2.33%, while metal, telecom, basic materials and realty indices fell up to 2.63%.

Broader midcap and smallcap indices advanced up to 0.71%.

“Domestic indices swung between gains and losses in a volatile session amidst weakened global markets. Due to concerns over the rising global infection rate and tighter government regulations for the Chinese internet sector, global markets continued to fan investor worries,” Vinod Nair, Head of research at Geojit Financial Services, said.

“However, backed by solid support from defensive sectors like IT, FMCG and pharma, frontline indices gained ground to end the day on a flat trend,” he added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended with significant losses.

Equities in Europe were also largely trading on a negative note in mid-session deals.

On the forex market front, the rupee fell by 11 paise to end at 74.35 against the U.S. dollar.

Meanwhile, international oil benchmark Brent crude fell 0.24% to $69.34 per barrel.

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