Sensex, Nifty hit record high


Nifty, meanwhile, was incing closer to the 10,000 mark and was trading at 9,961, which is 46 points higher. Sensex surged over 100 points to 32,135.91, a fresh all-time high, while the NSE benchmark Nifty added almost 25 points scale a fresh high of 9,939.30 despite weakness across other Asian shares. The shares of Avenue Supermarts, the operator of D-Mart retail chain, gained 5.5 per cent after reporting that its Q1 net profit increased 47.7 per cent at Rs 174.7 crore as against Rs 118.4 crore in the same quarter past year.

Mumbai: Both the Sensex and the Nifty on Monday hit record intra-day highs at the stock markets in the financial capital of the country.

The 50-share NSE Nifty advanced 24.05 points, or 0.24 percent, to scale lifetime high of 9,939.30. The energy and IT sub-indices of NSE were up almost 0.5 per cent each.

Gains in the markets were led by Reliance Industries and Wipro, which added almost 1.2 per cent and 2 per cent respectively. Continued buying by foreign funds and domestic institutional investors (DIIs) helped the key indices to hit record hits, brokers said. After Tuesday, the market has witnessed a fight between the bulls and the bears, as the market seesawed between gains and losses on the remaining days of the week.

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.