Sensex at new high for four consecutive days – Times of India

MUMBAI: The Sensex’s winning streak continued on Tuesday as it closed at a record high for the fourth consecutive session. The Sensex rose 274 points, or 0.4%, to 65,479 on Tuesday led by financial stocks. The Sensex has gained over 2,000 points or 3% in the last four sessions.
The Sensex touched an intraday high of 65,673 before closing marginally lower on profit-booking. Bajaj Finance And Bajaj Finserv The shares rose 7% and 6%, respectively, on the back of strong earnings – both these stocks were top contributors to Sensex’s gains on Tuesday.

On Monday, the Sensex crossed the 65,000 mark for the first time. Assets of the investor, as shown BSE The market cap also crossed the Rs 300 lakh crore mark on Monday. On Tuesday, the market cap increased to a record Rs 301.2 lakh crore.
Analysts say the rally in Indian stocks is driven by foreign fund inflows. “Markets are maintaining their optimism. However, profit-booking trend is visible… The market momentum has shifted from the front lines of this year to the laggards like IT, Commodity and PSBs.” Vinod Nair’s Geojit Financial Services said.
According to analysts, investors should remain cautious and avoid aggressive bets. On the other hand, long-term mutual fund investors should avoid cutting down on SIP amount as the indices are hitting lifetime highs. On a year-to-date basis, the Sensex is up 7%, while the S&T is up over 16%.