Sensex hits records high, Nifty breaches 11,500 mark for the first time; Rupee recovers 38 Paise

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Sensex hits records high, Nifty breaches 11,500 mark for the first time
Sensex hits records high, Nifty breaches 11,500 mark for the first time

Nifty breaches 11,500 mark for the first time on Monday, and The BSE benchmark Sensex also rallied by 178.77 points to quote hits all times of 38,126.65 in the early trade.

NSE Nifty went past the 11,500 mark or the first time on widespread giant in capital goods, metal, really and banking scrips amid firm Asian cues on Monday.

The Sensex advanced by 263.06 points , or 0.69 per cent , to hit a new high of 38,210.94 , breaking its previous record of 38,067.23 on August 9.

The gauge had gained 284.32 points in the previous session on Friday. NSE Nifty too breached the 11,500 mark, by surging 46.50 points, or 0.40 per cent to 11,527.25 surging past its previous high of 11,495.20.

 

Besides, fresh inflaws by foreign fund and persistent buying by domestic institutional investors and rupee recovery also boosted investor sentiment here, Brokers said.

Major gainers that helped key indices scale new high include L&T, ONGC, Yes Bank, Coal India, Tata Motors, HDFC Bank, SBI, Tata Steel, WIPRO, RIL, HUL, HDFC ltd and Hero MotoCorp rising up to 4.17 per cent.

While, Infosys, Bharti Airtel, TCS, ITC were trading in the red, falling up to 2 per cent. DII bought shares worth a net of Rs 151.89 crore, while FPI bought shares worth a net of Rs 147.31 crore , provisional data showed.
Recovery in Rupee 38 paise against US Dollar:

A higher opening in the equity market supported the Indian rupee’s recovery. The Rupee recovered from its all time low by rising 38 paise to 69.77 against US Dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the greenback by exporters and bank ahead of US China trade talks this week.

Forex market was shut on Friday on account of Parsi New Year.

 

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