ICICI Bank, HUL, ITC help lift Sensex 177 pts, Nifty above 18,600; PSBs dip

STOCK MARKET HIGHLIGHTS

The key benchmark indices extended their winning run for the sixth straight trading session, with FMCG, select IT and pharma stocks taking the lead in trades on Tuesday. 

The S&P BSE Sensex rallied to a fresh life-time high of 62,887, but pared some of the gains towards the close to finish 177 points higher at 62,682. In the process, the BSE index has rallied 1,537 points in the last six trading sessions.

The NSE Nifty advanced 55 points to a new closing high at 18,618.

Among the frontline stocks, Hindustan Unilver soared over 4 per cent to Rs 2,635. Nestle India and ITC also finished with steady gains. The Nifty FMCG index surged nearly 2 per cent to 45,078. READ MORE

Among the other Nifty 50 shares, JSW Steel jumped over 2 per cent. Cipla, Hero MotoCorp, Sun Pharma, Britannia and Dr.Reddy's were the other prominent gainers.

On the flip side, IndusInd Bank and Coal India declined around 1.5 per cent each. Bajaj Finserv, Eicher Motors and PowerGrid were the other notable losers.

Also read: Valuation, capital gains tax treatment key risks for the market: Analysts 

The broader indices ended in red. The NSE Midcap and Smallcap were down 0.5 per cent each. 

Among other individual stocks, Cosmo First surged 5.5 per cent to Rs 795. The stock has soared 17 per cent in the past two trading days, after the company announced that its board will meet on Thursday, December 1, to consider share buyback proposal. READ MORE

Meanwhile, Laurus Labs hit a 52-week low at Rs 407.40, down almost 10 per cent on margin concerns. The stock of pharmaceutical company fell below its previous low of Rs 433.20, touched on January 28, 2022. READ MORE