Sensex closes above 83K, Nifty scales fresh peak

Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high, while Nifty settled above the 25,400 level for the first time in a range-bound trade on Tuesday amid firm global trends ahead of the US Federal Reserve’s decision on interest rates.

Extending its record-setting spree for the second day, the 30-share BSE Sensex climbed 90.88 points to settle at 83,079.66. During the day, it rose by 163.63 points to 83,152.41. Bharti Airtel, NTPC, Mahindra & Mahindra, Kotak Mahindra Bank, Titan, Larsen & Toubro, ICICI Bank, Bajaj Finance, Hindustan Unilever and Reliance Industries were the biggest gainers.

The NSE Nifty gained 34.80 points or 0.14 per cent to settle above 25,400 level for the first time at 25,418.55. After a flat opening, the Nifty moved within a narrow range with realty and auto shares witnessing gains while metal and pharma ended in the red, Ajit Mishra, SVP, Research, Religare Broking Ltd said.