Sensex, Nifty hit record high
Mumbai: The BSE Sensex and the NSE Nifty soared to hit new all-time high of 26,582.27 and 7,957.70 points in early trade Monday with stocks of healthcare, banking and oil & gas leading the rally on sustained fund inflows amidst a mixed Asian trend. The 30-share index, which had gained over 105 points in the previous two sessions, gathered another 162.72 points, or 0.61 percent, to hit a new record high of 26,582.27, breaching its earlier peak of 26,530.67 reached on August 19.
All the sectoral indices were trading in positive zone with gains up to 0.73 percent. The 50-share NSE Nifty also shot up by 44.50 points, or 0.56 percent, to record its all-time high of 7,957.70, crossing previous high of 7,929.05 touched on August 22.
Brokers said continued buying by foreign funds as well as retail investors on the back of domestic and positive factors such as easing global crude oil prices buoyed trading sentiments.
Major gainers among the 30 Sensex stocks were SBI, Maruti Suzuki, Dr Reedy, HDFC Ltd, ICICI Bank, Axis Bank, Reliance Ind, ONGC, BHEL, Sun Pharma, TCS and Bharti Airtel, helping the key indices to scale new highs. Among other Asian markets, Japan's Nikkei rose 0.40 percent, while Hong Kong's Hang Seng shed 0.25 percent in early trade today.