<p class="title">Stocks on Tuesday went into the unexplored territory as benchmarks Sensex and Nifty closed at life highs, mainly because of some fag-end buying by participants.</p>.<p class="bodytext">The 30-share Sensex was up for the second straight session, hitting 34,010.61, a fresh closing high -- with a gain of 70.31 points, or 0.21%. This was its highest close since Friday's 33,940.30. It had risen 184.10 points in the previous session on Friday.</p>.<p class="bodytext">For the 50-share Nifty, the close was a fresh peak at 10,531.50, up 38.50 points, or 0.37%, dismantling its previous record of 10,493 reached on Friday.</p>.<p class="bodytext">It was all-time intra-day high for both the benchmarks too. Mid-cap and small-cap indices continued to be on investors' radar.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while the buying tally for domestic institutional investors (DIIs) was Rs 371.53 crore on Friday, provisional data showed.</p>.<p class="bodytext">"Market started off range bound as investors' participation remained low due to holiday season while stock specific action in telecom, pharma and metal towards the close raised the indices to a new high. Mid and small cap outperformed on expectation of improvement in rural demand supported by continued government reforms," said Vinod Nair, Head of Research, Geojit Financial Services.</p>.<p class="bodytext">There were also signs of speculators rushing to cover their short positions ahead of this year's last expiry in the derivatives segment on Thursday.</p>.<p class="bodytext">Blue chips such as Bharti Airtel, Sun Pharma and Yes Bank, climbed up to 2.59%. Reliance Communications made waves with a sharp rise of 30.78 per cent after the company announced yet another debt revival plan claiming full debt resolution by March.</p>.<p class="bodytext">Reliance Industries rose 1.03%, Reliance Capital 7.02% and Reliance Power 3.85%. Telecom, realty, metal and healthcare made gains of up to 2.28%.</p>.<p class="bodytext">Broader markets stood out as the mid-cap index rose for the eighth straight session, this time 0.76%, ending at a record. The small-cap index too ruled high for the seventh session, beating the Sensex with a gain of 0.64%.</p>
<p class="title">Stocks on Tuesday went into the unexplored territory as benchmarks Sensex and Nifty closed at life highs, mainly because of some fag-end buying by participants.</p>.<p class="bodytext">The 30-share Sensex was up for the second straight session, hitting 34,010.61, a fresh closing high -- with a gain of 70.31 points, or 0.21%. This was its highest close since Friday's 33,940.30. It had risen 184.10 points in the previous session on Friday.</p>.<p class="bodytext">For the 50-share Nifty, the close was a fresh peak at 10,531.50, up 38.50 points, or 0.37%, dismantling its previous record of 10,493 reached on Friday.</p>.<p class="bodytext">It was all-time intra-day high for both the benchmarks too. Mid-cap and small-cap indices continued to be on investors' radar.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while the buying tally for domestic institutional investors (DIIs) was Rs 371.53 crore on Friday, provisional data showed.</p>.<p class="bodytext">"Market started off range bound as investors' participation remained low due to holiday season while stock specific action in telecom, pharma and metal towards the close raised the indices to a new high. Mid and small cap outperformed on expectation of improvement in rural demand supported by continued government reforms," said Vinod Nair, Head of Research, Geojit Financial Services.</p>.<p class="bodytext">There were also signs of speculators rushing to cover their short positions ahead of this year's last expiry in the derivatives segment on Thursday.</p>.<p class="bodytext">Blue chips such as Bharti Airtel, Sun Pharma and Yes Bank, climbed up to 2.59%. Reliance Communications made waves with a sharp rise of 30.78 per cent after the company announced yet another debt revival plan claiming full debt resolution by March.</p>.<p class="bodytext">Reliance Industries rose 1.03%, Reliance Capital 7.02% and Reliance Power 3.85%. Telecom, realty, metal and healthcare made gains of up to 2.28%.</p>.<p class="bodytext">Broader markets stood out as the mid-cap index rose for the eighth straight session, this time 0.76%, ending at a record. The small-cap index too ruled high for the seventh session, beating the Sensex with a gain of 0.64%.</p>