Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets.<\/p>\n\n\n\n
The 30-share BSE index was trading 668.36 points or 1.32 per cent higher at its record intra-day peak of 51,399.99.<\/p>\n\n\n\n
Similarly, the broader NSE Nifty surged 192.55 points or 1.29 per cent to its lifetime high of 15,116.80.<\/p>\n\n\n\n
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI and Bajaj Finance.<\/p>\n\n\n\n
On the other hand, NTPC and Bajaj Auto were the laggards.<\/p>\n\n\n\n
In the previous session, Sensex ended 117.34 points or 0.23 per cent higher at its fresh closing record of 50,731.63, and Nifty closed at its all-time high of 14,924.25, up 28.60 points or 0.19 per cent.<\/p>\n\n\n\n
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 1,461.71 crore on Friday, as per exchange data.<\/p>\n\n\n\n
According to Binod Modi Head-Strategy at Reliance Securities, domestic equities continue to look good at the moment.<\/p>\n\n\n\n
High CAPEX and bold reforms announced in the Union Budget emboldened investors. It indicates that recent uptick in high-frequency key economic data and rebound in corporate earnings is likely to sustain in subsequent quarters.<\/p>\n\n\n\n
Additionally, RBI supporting the pro-growth strategy of government by maintaining liquidity at required levels and balancing bond yields bodes well, he said,<\/p>\n\n\n\n
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with significant gains.<\/p>\n\n\n\n
Meanwhile, the global oil benchmark Brent crude was trading 0.55 per cent higher at USD 59.89 per barrel.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets. The 30-share BSE index was trading 668.36 points or 1.32 per cent higher at its record intra-day peak of 51,399.99. Similarly, the broader NSE Nifty surged 192.55 points or 1.29 per cent to its lifetime high of 15,116.80. Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per…<\/p>\n","protected":false},"author":1,"featured_media":28294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29388"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29388"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29388\/revisions"}],"predecessor-version":[{"id":29389,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29388\/revisions\/29389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/28294"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}