Sensex scales new high, gains 216 points to close at 32,245; Nifty nears 10,000-markBoth Sensex and Nifty -- today touched new highs, with the Sensex gaining over 200 points to close at 32,245.87.
The key equity indices -- the BSE Sensex and the NSE Nifty -- today touched new highs, with the Sensex gaining over 200 points to close at 32,245.87. The wider Nifty of the National Stock Exchange (NSE) neared the 10,000-level and closed at 9,966.40 points. The 30-share Sensex rose by 0.68 per cent or 216.98 points during trading hours on Monday. The Nifty gained 0.52 per cent or 51.15 to surge above 9,950 level.
According to market observers, investors' sentiments were boosted by hopes of healthy quarterly results from index heavyweights such as Ambuja Cements and HDFC Bank, and buying in consumer durables, banking and FMCG stocks.
At 12.50 p.m., the wider Nifty of the National Stock Exchange (NSE) traded 52.60 points, or 0.53 per cent higher at 9,967.85 points.
Buying in heavyweights of energy, FMCG, financials, IT and consumer durable sectors lifted the key indices on better than expected financial results, brokers said.
"The benchmark indices Sensex and Nifty hit their record highs as investors kept an eye on a host of quarterly earnings scheduled for the day. Gains were, however, capped by a mixed trend seen in Asian markets ahead of the joint OPEC (Organisation of the Petroleum Exporting Countries) and non-OPEC ministerial meeting later in the day," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, was quoted as saying by IANS.
"Reliance Industries hit new 52-week high, with shares of the Mukesh Ambani-led firm up as much as 2.4 per cent, after the oil and gas major announced a 1:1 bonus issue."
On Friday, the benchmark indices were buoyed by healthy quarterly results from index heavyweights such as Reliance Industries (RIL) and Wipro. Foreign portfolio investors (FPIs) bought shares worth a net Rs 12.90 crore last Friday, as per provisional data. Domestic institutional investors (DIIs) also bought shares worth a net Rs 147.66 crores.
The Nifty rose by 41.95 points, or 0.42 per cent, to close at 9,915.25 points. The Sensex closed at 32,028.89 points -- up 124.49 points, or 0.39 per cent.