Indices touch new peaks, Sensex tops 77,000 mark

India's equity benchmarks, Nifty and Sensex, made fresh highs on Tuesday, extending gains to the fourth straight trading session. The Sensex closed above the 77,000 mark for the first time with traders riding the bullish wave since the election results on June 4.

The Sensex ended at a record 77,301.1 after advancing 308.3 points, or 0.4%, on Tuesday. Nifty rose 92.3 points, or 0.39%, to close at 23,557.9, its highest-ever closing. Both indices have gained over 7% since June 4.

Analysts said the Nifty ended above a key hurdle of 23,500, opening the likelihood of further upsides.


"The Nifty continues to trade within a rising parallel channel and as long as 23,300 is not breached, the primary trend remains bullish," said Om Mehra, technical analyst, Samco Securities.

The volatility index, or VIX, jumped 1.11% to 12.97, indicating some caution among traders.

The Nifty Midcap 150 index gained 0.54% and Nifty Smallcap 250 rose 0.96% with both indices hitting record highs during the day.

Foreign portfolio investors net bought shares worth ₹2,569 crore.