Stocks on a roll: Sensex scales 65k peak for first time; Nifty settles at record high
Hectic buying in index majors Reliance Industries, ITC and HDFC twins also added to the momentum, traders said.
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Hectic buying in index majors Reliance Industries, ITC and HDFC twins also added to the momentum, traders said.
Equity benchmarks Sensex and Nifty soared to fresh closing record highs for the third successive session on Monday, with the 30-share index crossing the historic 65,000 mark on strong foreign fund flows and a rally in global equities. Hectic buying in index majors Reliance Industries, ITC and HDFC
This week, the market will be looking at major economic data such as automobile sector monthly sales, S&P Global India Services PMI, Composite PMI, and US trade balance that are also expected to come out.
The Sensex closed 803 points, or 1.26 per cent, higher at 64,718.56 while the Nifty closed the day at 19,189.05, up 217 points, or 1.14 per cent. This was the third consecutive session of gains for the Sensex and the fourth consecutive session of gains for the Nifty.
Equity benchmark indices scaled fresh all-time closing highs on Friday, propelled by Intense buying in index heavyweights Infosys, HDFC twins, Reliance Industries and TCS amid healthy macroeconomic indicators. Besides, foreign fund inflows and a firm trend in the global markets further bolstered