Stock markets: Benchmark fairness indices Sensex and Nifty hit their all-time high levels in early commerce on Monday amid recent overseas fund inflows and shopping for in IT counters. The 30-share BSE Sensex climbed 128.6 factors to hit its lifetime intra-day peak of 66,189.50 in early commerce. The NSE Nifty went up by 47.65 factors to succeed in its all-time intra-day high of 19,612.15.
From the Sensex pack, Wipro, Tech Mahindra, Power Grid, Infosys, Hindustan Unilever, HCL Technologies, Asian Paints and ExtremelyTech Cement had been the key gainers. ICICI Bank, Bharti Airtel, HDFC Bank, Larsen & Toubro and Titan had been among the many laggards.
Foreign Institutional Investors (FIIs) had been patrons on Friday as they purchased equities value Rs 2,636.43 crore, in response to change information.
“In July, FPIs have invested Rs 30,660 crore in India inclusive of bulk deals and investment through the primary market. This reflects the increasing FPI confidence in the Indian economy and markets,” stated V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
In Asian markets, Seoul and Shanghai had been buying and selling decrease whereas Hong Kong quoted in the inexperienced. The US markets ended on a combined observe on Friday. Global oil benchmark Brent crude dipped 0.86 per cent to USD 79.18 a barrel.
The BSE benchmark had jumped 502.01 factors or 0.77 per cent to settle at an all-time high of 66,060.90 on Friday. The Nifty went up by 150.75 factors or 0.78 per cent to finish at a record high of 19,564.50.
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Rupee rises against dollar
The rupee gained 6 paise to 82.11 against the US dollar in early commerce on Monday supported by regular overseas fund inflows. However, a surge in crude oil costs capped sharp positive factors for the native unit, foreign exchange merchants stated. At the interbank overseas change, the home unit opened at 82.14, then touched a high of 82.11 against the American foreign money, registering an increase of 6 paise over its final shut.
On Friday, the rupee had settled at 82.17 against the dollar. Softness in the US dollar and sustained FII inflows supported the rupee, foreign exchange merchants stated, including that the energy in crude oil costs stays a priority for the native unit, as a pointy surge in costs may restrict its positive factors. The dollar index, which gauges the buck’s energy against a basket of six currencies, rose 0.05 per cent to 99.96.
(With PTI inputs)
