In a repeat of the previous day’s action, Dalal Street bulls recovered from afternoon blip to end in the green on Tuesday thanks to buying in IT and financial services stocks. Selling in metals and PSU banks were the drag. Selling was also seen in mid and smallcap space, with hundreds of counters hitting lower circuit limits. Analysts believe weak global cues soured the sentiments back home. The 30-share pack Sensex climbed 151.81 points or 0.28 per cent to close at 54,554.66. The index traded in a range of 471 points. Its broader peer NSE Nifty dropped 21.85 points or 0.13 per cent to 16,280.10.
Selling was also seen in mid and smallcap space, with hundreds of counters hitting lower circuit limits. Analysts believe weak global cues soured the sentiments back home.
BSE barometer Sensex scaled a new record peak of 54,717, whereas its NSE counterpart Nifty50 was just shy of 16,350 during the week. Strong buying action in banking and IT stocks lifted the benchmark indices 3 per cent higher during the week.