Nifty above 12,800 points

The stock market is heading for record highs again. The Sensex touched 44,000 points for the first time on November 17. The Sensex was up by 314 points and the Nifty by 93 points. The Nifty closed above 12,800 for the first time.

The Sensex closed at 43952.71 points and the Nifty at 12874.20 points. The Nifty traded down about 150 points during the day. The day’s low was 12,797 points. Similarly, the Nifty rose by 12,934 points.

Metal and bank stocks were the major contributors to the day’s gains. The Nifty Bank Index was up 2.05 per cent and the Nifty Metal Index was up 2.49 per cent.

The top five gainers were Tata Motors, Tata Steel, HDFC Life, SBI and Adani Ports. Tata Motors rose 6.15 per cent. Shares of Tata Steel, HDFC Life and SBI gained over 5 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 30 stocks gained while 20 stocks lost. Shares of BPCL, Hero Motors, NTPC, ONGC and IOC lost ground.