Stock markets: The Indian stock market started the week on a strong note as both the Sensex and Nifty indices reached fresh all-time high levels in early trading on Monday. The surge reflects positive investor sentiment and optimism in the market, driven by robust buying across sectors. In the early trade, the 30-share BSE Sensex climbed 359.51 points to 82,725.28. Meanwhile, the Nifty was also up by 97.75 points to 25,333.65.
Among the 30 Sensex firms, Bajaj Finserv, HCL Tech, ITC, Tech Mahindra, Infosys and Asian Paints were the biggest gainers. Tata Motors, Mahindra & Mahindra, NTPC and Bharti Airtel were among the laggards. In Asian markets, Seoul traded in the positive territory while Tokyo, Shanghai and Hong Kong quoted lower. The US markets ended higher on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 5,318. 14 crore on Friday, according to exchange data.
Global oil benchmark Brent crude declined 0.82 per cent to USD 76.30 a barrel. Rallying for the ninth straight session on Friday, the BSE benchmark climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77.
Rallying for the ninth straight session on Friday, the BSE benchmark climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. In its best winning streak since its launch in 1996, the NSE Nifty soared 83.95 points or 0. 33 per cent to hit a new lifetime closing high of 25,235.90, taking its victorious run to the 12th day in a row.
Rupee against dollar
Meanwhile, the Rupee declined 3 paise to hit 83.88 against the US dollar in early trade on Monday amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in early trade. The positive domestic equity market, inflow of foreign fund and weak greenback capped the rupee's fall, according to forex traders. At the interbank foreign exchange market, the local unit opened 2 paise lower at 83.87 against the American currency and inched up to touch Friday's closing rate of 83.85 before slipping again.
(With PTI inputs)
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