Extending a rally for the third straight session, Indian equity benchmarks Sensex and Nifty opened at fresh lifetime highs on Tuesday amid persistent foreign fund inflows.
The 30-share BSE Sensex was trading above the 69,000 level, having jumped over 200 points in early deals. The broader NSE Nifty also hit an all-time peak of 20,750 levels.
Auto, banking, and metal stocks saw strong buying interest from investors. M&M, ICICI Bank, SBI, and Tata Motors were the top performers on the Sensex table.
Broader markets outperformed benchmarks, with Nifty Midcap 50 rising over 0.75%. Among sectors, PSU Bank and Metal indices surged up to 1%.
However, IT stocks remained under pressure due to a firm rupee. The Indian currency hit yet another record low of 83.41 against the US dollar in opening deals.
Analysts said local equities took positive cues from Asian markets as signs of easing Covid restrictions in China bolstered economic recovery hopes.
Sustained foreign capital inflows into local shares aided sentiment. FIIs purchased shares worth Rs 214.76 crore on Monday, exchange data showed.
