Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

Sensex Nifty open on a high on Monday Wipro Lupin early gainers

Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

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 30-scrip Sensitive Index (Sensex), was trading 53.62 points or 0.17 per cent higher soon after it opened at an all-time high of 32,135.91 points.

The 50-share NSE Nifty advanced 24.05 points, or 0.24 percent, to scale lifetime high of 9,939.30.

The benchmark BSE Sensex resumed higher at 32,100.22 and moved between all time high of 32,232.63 and a low of 32,058.33 in morning trade.

It was a good start to the week as the Nifty closed few points away from its historic level of 10,000, up 51.15 points at 9,966.40.

Buying in heavyweights of energy, FMCG, financials, IT and consumer durable sectors lifted the key indices on better than expected financial results, brokers said.

"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". The energy and IT sub-indices of NSE were up almost 0.5 per cent each.

Among the BSE stocks, Wipro rose by 1.66 per cent to Rs 291.15.

The rupee dropped by 11 paise to 64.43 against the United States dollars in Monday's opening session thanks to fresh demand from importers for U.S. currency. Among Nifty stocks, Yes Bank was the top gainer, up 2.2 per cent, followed by Bank of Baroda, Wipro, Reliance Industries and Hero MotoCorp, which added between 1.1 per cent and 1.9 per cent. SBI, Lupin, Infosys and ACC also rose between 0.6 per cent and 0.9 per cent, supporting gains in the Nifty.

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