Indian shares close at record highs, rise for sixth straight day
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/c6f84ef18b93a6f24977c44ae947e9f0.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BENGALURU - Indian shares rose for a sixth straight session to close at record highs on Monday, as continuing optimism from last week's federal budget and strong corporate earnings drove broad-based gains.
A growth-focused and high-spending federal budget, unveiled last Monday, has powered India's stock market to multiple all-time highs. A COVID-19 vaccination drive that is underway and an upbeat outlook from companies is also aiding sentiment.
The NSE Nifty 50 index ended 1.28% higher at 15,115.80, while the S&P BSE Sensex closed up 1.22% at 51,348.77.
Thirteen of the 14 sectoral indexes closed higher. IT giant Infosys, ICICI Bank and conglomerate Reliance Industries provided the biggest boosts to the Nifty 50.
A recent flood of foreign inflows has also benefited Indian markets, with reports saying that foreign portfolio investors invested a net $1.5 billion into Indian equities during the first week of February.
Among individual stocks, State Bank of India gained for a sixth straight session following well-received quarterly results.
Punjab National Bank slid 5.1% after reporting a fall in profit from a quarter earlier.
Automotive bearing maker SKF India jumped 20% after results showed its profit more than doubled.
Meanwhile, world shares hit a record high amid hopes that a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month.
(Reporting by Sachin Ravikumar in Bengaluru; editing by Uttaresh.V)
![](https://portfolio.investmentguruindia.com/uploads/news/Clean Science and Technology.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Somany logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Srinivas Narayanan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)