The broader benchmark index Nifty 50 hit a lifetime high on Monday, surpassed the record high of 2 August, rising as much as 81 points to mark a fresh counter of 10,167.15 points. The benchmark Sensex too fared in the early trade, gaining 236 points to the day’s high of 32,508.06 points. The value buying in the blue-chip shares such as Reliance Industries, L&T, HDFC Bank, Tata Motors, and ITC fuelled markets to jump to new record highs.
Shares of heavyweight companies such as Reliance Industries, HDFC Bank, Infosys, ITC, L&T, ICICI Bank, and Tata Motors contributed the most to the Sensex gains. Collectively these seven stocks added about 123 points out of 184 points rise in the 30-share barometer. The stocks of Tata Motors, L&T, Bajaj Auto, Bharti Airtel, Asian Paints, and NTPC were the top gainers on the Sensex. Out of 51 listed scrips on NSE Nifty, 47 are trading in green and all of the sectoral indices of NSE are trading higher too except Nifty Realty. Shares of Bharti Infratel, L&T, Bank of Baroda, Power Grid, and Bajaj Auto are among the major Nifty gainers.
The benchmark Sensex gained 89 points to open at 32,361.37 points while the 50-share indicator advanced 48 points to open at 10,133.1 points. The rupee appreciated by 7 paise to 64.01 against the US dollar today, the dollar’s slide against some currencies overseas ahead of the Federal Reserve’s meet beginning tomorrow and a stronger opening of domestic equities took the rupee high.
Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines. The Dow Jones Industrial Average rose 0.29% to end at 22,268.34 points, while the S&P 500 gained 0.18% to 2,500.23 points, records highs for both. The Nasdaq Composite added 0.3% to 6,448.47 points.