Nifty hits all-time high of 18,000
NSE Nifty on Monday hit an all-time high of 18,000 while the BSE Sensex was placed above 60,300 in the morning trade. Gains in index heavyweights HDFC Bank, Reliance Industries and Kotak Bank contributed to the rally amid a positive trend in global markets.
After opening over 100 points lower, the 30-share Sensex recovered the losses and gained more than 250 points to trade higher at 60,60,348. Similarly, the Nifty rose over 100 points to hit 18,000.65.
Maruti was the top gainer in the Sensex pack, rallying over 3 per cent, followed by NTPC, PowerGrid, Kotak Bank, Bajaj Finserv and Bajaj Auto. On the other hand, TCS was the top loser in the Sensex pack, shedding over 6 per cent, after the company's Q2 earnings missed street expectations.
In the previous session, the 30-share index jumped 381.23 points or 0.64 per cent to close at 60,059.06, and Nifty rose 104.85 points or 0.59 per cent to its fresh closing peak of 17,895.20. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 64.01 crore on Friday, as per exchange data.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were trading with gains in mid-session deals, while Seoul was closed for a holiday. Meanwhile, international oil benchmark Brent crude rose 1.43 per cent to USD 83.57 per barrel.
