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Sensex rallies for 3rd day, gains 145 pts; Nifty ends at 16,563; RIL up 1%
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
Benchmark indices surged to fresh record high levels, defying global market mood, amid gains in RIL, Tata Steel and financial stocks. The BSE barometer Sensex hit a new high of 55,681 in trade and settled at 55,583, up 145 points or 0.26 per cent. Meanwhile, NSE Nifty closed shop 34 points or 0.21 per cent higher at 16,563. It had jumped to a fresh peak of 16,589.
However, the advance-decline ratio remained skewed in favour of seller, highlighting the growing polarised nature of the markets.
The broader markets too came under pressure. The BSE Smallcap index lost 0.57 per cent and BSE Midcap index shed 0.18 per cent.
Sectorally, only Nifty Metal, FMCG and Financial Services witnessed buying while Nifty Media, PSU Bank and Auto indices faced selling pressure. Volatility also surged as India VIX rose 3.6 per cent to 13.45.
Globally, futures on the S&P 500 and Nasdaq fell 0.2 per cent each. The Stoxx Europe 600 declined 0.5 per cent and the MSCI World index was down 0.2 per cent.