MARKET ANALYSIS
The S&P BSE Sensex surged as much as 1.96 percent or 567 points in trade on Tuesday to hit its fresh lifetime high of 28829.29, after rival NSE index touched the milestone level of 8700 earlier in the day.
The 50-share Nifty index extended gains for the fourth straight session to surge past its crucial psychological resistance level of 8700 for the first time ever in trade on Tuesday, as the buying action intensified in metals, banks and FMCG sectors on the hopes of a pick-up in growth and earnings in the coming quarters.
On the National Stock Exchange, as much as 93 stocks rose to their fresh 52-week highs, which include names like Yes Bank, BASF India, Ambuja Cements.
ECONOMY ANALYSIS
- Nifty, Sensex hit record high as FIIs rush to shining India
- Kotak Mahindra Bank Q3 profit rises 37% to Rs 464.5 cr
- Muthoot Finance up 5%, to be biz correspondent of YES Bank
- South Indian Bank Q3 profit slips 38% on higher provisions
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