Sensex hits life high of 80,397 points on auto, FMCG – Times of India

MUMBAI: The sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels on the back of gains in auto & FMCG shares and foreign fund inflows.
The sensex climbed 391 points to settle at a new closing peak of 80,352. During the day, it jumped 437 points to hit a new lifetime high of 80,397.
Nifty went up by 113 points to 24,433 – its record closing high.During the day, it surged 123 points to hit a new record peak of 24,444.
“Both domestic and global factors continue to drive the market momentum. Currently, consumption sectors like FMCG and auto are leading the gains, buoyed by progress in the monsoon and kharif sowing,” said Vinod Nair of Geojit Financial Services.
Among sensex shares, Maruti Suzuki jumped over 6% amid reports that UP govt waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the state. Mahindra, Titan, Sun Pharma, ITC, Nestle and Tata Motors were the other big gainers.
The market capitalisation of BSE-listed firms on Tuesday hit a fresh lifetime high of Rs 451.3 lakh crore (about $5.4 trillion). In Asian markets, Seoul, Tokyo and Shanghai settled higher while Hong Kong ended lower. European markets were trading mostly lower. US markets ended mostly higher on Monday. Foreign investors bought equities worth Rs 61 crore on Monday, according to exchange data. agencies