Share Market Today: Indian stock markets (Sensex and Nifty) closed at fresh record highs on Monday with BSE Sensex soaring 330 points to close at 38,278.75 and NSE Nifty settling above 11,550 for the first time in stock market history. Indian equity markets traded higher throughout the day on Monday following the sustained gains in the heavyweight shares of L&T, Reliance Industries, HDFC Bank, HDFC, Tata Motors and SBI while Infosys shares were the biggest drag on Sensex and Nifty after its CFO Ranganath resigned from the post on Saturday.
Shares of HCC and Welspun Corporation were the biggest gainers while GE Shipping, Federal Bank and Graphite India were the biggest losers among ‘A’ group of BSE. Indian markets registered new record highs in the afternoon deals with BSE Sensex gaining 392.81 points to hit a fresh all-time high at 38,340.69 and Nifty zooming 94.55 points to book a new record peak at 11,565.3.
Indian share markets started higher on Monday with BSE Sensex rising 200 points and NSE Nifty breaching the psychological mark of 11,500 for the first time ever within the first few minutes of stock market trading. The sharp upmove in L&T, HDFC Bank, Reliance Industries, HDFC, HUL and SBI shares led the key equity indices to record high in the opening session on Monday with L&T, HDFC Bank and RIL emerging as the biggest positive points contributors. Shares of India’s second-largest IT company Infosys were the biggest drag on Sensex and Nifty and fell 4% after CFO M.D. Ranganath resigned from the company on Saturday last week.