Nifty 18,000. at an all-time high of
The NSE Nifty hit an all-time high of 18,000 on Monday, while the BSE Sensex was above 60,300 in morning trade. Gains in index heavyweights HDFC Bank, Reliance Industries and Kotak Bank contributed to the rally amid a positive trend in global markets.
After falling over 100 points, the 30-share Sensex recovered losses and traded higher by over 250 points at 60,60,348. Similarly, Nifty rose 100 points to 18,000.65.
Maruti was the top gainer in the Sensex pack, rising over 3 per cent, followed by NTPC, PowerGrid, Kotak Bank, Bajaj Finserv and Bajaj Auto. On the other hand, TCS was the top loser in the Sensex pack, falling over 6 per cent, with the company’s second-quarter earnings missing out on road expectations.
In the previous session, the 30-share index jumped 381.23 points, or 0.64 per cent, to end at 60,059.06, and the Nifty rose 104.85 points or 0.59 per cent to hit its fresh closing peak of 17,895.20. Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 64.01 crore on Friday, according to exchange data.
Elsewhere in Asia, shares in Shanghai, Hong Kong and Tokyo were trading with gains in mid-session deals, while Seoul was closed for a holiday. Meanwhile, international oil benchmark Brent crude rose 1.43 per cent to $83.57 per barrel.
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