Sensex begins week on all-time high, Nifty scales fresh peak
Sensex begins week on all-time high, Nifty scales fresh peak BSE Sensex rallied 259.42 points to hit an all-time high of 38,511.22 on Monday. Whereas, Nifty scaled a fresh peak of 11,633.30, up by 76.20 points. All sectoral indices, led by metal, banking, consumer durables and PSU stocks were trading in the positive zone with gains of up to 1.52 per cent. The 50-share NSE Nifty rallied 94.40 points, or 0.82 per cent, to scale its lifetime high of 11,651, bettering its previous intra-day high of 11,620.70 touched on August 23. Positive leads from other Asian markets tracking weekend gains on the Wall Street after comments from US Federal Reserve Chairman in support of a gradual approach to raising rates bolstered trading sentiments here, brokers said. Yes Bank, Tata Steel, ICICI Bank, SBI, Kotak Bank, PowerGrid, Bharti Airtel, Axis Bank, Tata Motors, IndusInd Bank, RIL and Vedanta were among the prominent gainers. Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 904.75 crore on Friday, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 75.78 crore, provisional exchange data showed. Among other Asian markets, Hong Kong's Hang Seng gained 1.87 per cent and Shanghai Composite Index rose 1.21 per cent in their early deals. Japan's Nikkei too edged higher by 0.79 per cent.
