Sensex, Nifty LIVE Updates: The Sensex rose 269.8 points to hit a record 40,434.83, but the Nifty was more than 100 points shy of its record high.
Domestic stock markets started Monday’s session on a positive note tracking gains in Asian peers, with the S&P BSE Sensex index clocking a new record high in early trade. The Sensex rose to as high as 40,434.83, up 269.8 points from the previous close. The broader NSE Nifty benchmark rose as much as 84.2 points to touch 11,974.80 on the upside in the first few minutes of trade, and was still 128.25 points short of its all-time high registered in June. Gains across most sectors – led by financial, energy and metal shares – pushed the markets higher. On Friday, the Sensex had ended 35.98 points – or 0.09 per cent – higher at 40,165.03 and the Nifty settled at 11,890.60, up 13.15 points – or 0.11 per cent – from the previous close after a choppy session.
Here are latest updates on the movement in domestic stock markets (Sensex and Nifty) today:
At 9:42 am, the Sensex traded 195.51 points – or 0.49 per cent – higher at 40,360.54 while the Nifty was up 61.45 points – or 0.52 per cent – at 11,952.05. Top gainers on the 50-scrip index at the time were Bharti Infratel, Hindalco, Tata Steel, Vedanta, JSW Steel and Bajaj Finserv, up between 2.93 per cent and 5.06 per cent.
The S&P BSE Sensex index rose as much as 269.8 points to touch a record high of 40,434.83, surpassing its earlier high of 40,412.25 recorded last week. The broader NSE Nifty benchmark climbed 84.2 points to touch 11,974.80 at the strongest level in first few minutes of trade, but was still 128.25 points shy of its record high recorded in June this year.
The Sensex opened 128.82 points higher at 40,293.85 and the Nifty started the session at 11,928.90, up 38.3 points from the previous close. That marked the ninth straight positive opening for both benchmark indices.
Domestic stock markets have risen for last six consecutive sessions. Since October 24, the S&P BSE Sensex index added a total 1,144.64 points so far, marking a gain of 2.93 per cent. The broader NSE Nifty benchmark added 308 points – or 2.66 per cent – during this period.
Shares in Asian markets jumped following gains in the Wall Street on Friday after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth.
Domestic stock markets are likely to open higher tracking strong gains in Asian peers. The Singapore Exchange (SGX) Nifty futures rose as high as 32.5 points to touch 11,970.00 in early trade, and was seen half a point lower from that level at 8:30 am. The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.