Sensex climbs over 500 points to new peak; Nifty tops 18,500
Sensex jumped over 500 points in early trade on Monday, extending its record-setting streak, led by widespread buying despite a weak trend in global markets.
After touching an all-time high of 61,894.33 in opening deals, the 30-share Sensex was trading 511.54 points or 0.83 per cent higher at 61,817.49.
Similarly, the Nifty rose 157.40 points or 0.86 per cent to 18,495.95. It touched a new intra-day record of 18,521.10 in opening deals.
Tata Steel, HDFC Bank, ICICI Bank, Titan and IndusInd Bank were the top laggards in the Sensex pack, rising over 2 per cent. On the other hand, Asian Paints, Bajaj Auto, Dr Reddy’s and HCL Tech were trading with losses in opening deals.
In the previous session on Thursday, the 30-share index ended 568.90 points or 0.94 per cent higher at 61,305.95 and the Nifty rose 176.80 points or 0.97 per cent to a new high of 18,338.55. Foreign institutional investors (FIIs) were net buyers in the capital market, as they bought shares worth Rs 1,681.60 crore, according to exchange data. The market remained closed on Friday on account of Dussehra.
Elsewhere in Asia, shares in Hong Kong, Shanghai and Tokyo were trading with losses in mid-session deals, while Seoul was positive. Meanwhile, international oil benchmark Brent crude rose 1.07 per cent to $85.77 a barrel.
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