Together, the broader NSE Nifty was trading below the crucial 17,000 mark.
Equity benchmark Sensex crossed the 57,000 mark for the first time as it jumped over 200 points in early trade on Tuesday, tracking gains in index heavyweights Infosys, HDFC Bank and TCS amid fresh foreign fund inflows.
Together, the broader NSE Nifty was trading below the crucial 17,000 mark.
After touching a life high of 57,124.78 in the opening session, the 30-share index was trading 115.53 points or 0.20% higher at 57,005.29. Similarly, the broader NSE Nifty rose 24.15 points or 0.14% to 16,955.20.
Bharti Airtel was the top gainer in the Sensex pack, rising over 1%, led by HCL Tech, Tech Mahindra, TCS and Asian Paints.
On the other hand, M&M, IndusInd Bank, SBI and Reliance Industries were among the laggards.
In the previous session, the BSE index edged up 765.04 points or 1.36% at 56,889.76 and the Nifty rose 225.85 points or 1.35% to end at a record high of 16,931.05.
Foreign institutional investors (FIIs) became net buyers in the capital market as they bought shares worth Rs 1,202.81 crore on Monday, according to provisional exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “A distinctive feature of this bull market that started in April 2020 is that it has been remarkably stable without any major corrections.”
Therefore, newbie retail investors who entered the market from April 2020 (142 million new demat accounts opened in FY21) are successfully buying every fall, he said, adding that the Fed is giving a comment favoring bulls, momentum. There is a possibility to take Nifty to 17,000.
US equities posted new highs with most of the S&P 500 and Nasdaq.
In Asia, Shanghai and Hong Kong shares were trading with losses in mid-session deals, while Tokyo and Seoul were positive.
Meanwhile, international oil benchmark Brent crude fell 0.53% to $71.85 a barrel.
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