Sensex starts week by breaking another record

Sensex starts week by breaking another record

Meanwhile, the rupee declined by 8 paise to close at 73.10 against the US dollar.

Domestic inventory markets on Monday gained additional on sturdy world cues and hopes of financial normalisation within the nation. Led by Reliance Industries shares, the benchmark Sensex jumped one other 167 factors, or 0.29 per cent, to an all-time peak of 58,296.91 and the Nifty50 gained 54 factors, or or 0.31 per cent, to 17,377.80. The NSE volatility index, VIX, rose by 3.87 per cent.

“Positive global markets and strong support from IT and realty stocks, aided domestic markets to trade modestly higher. Hopes of continued economic support by the US Fed Reserve due to weak US job data and talks of more stimulus in Japan and China boosted global markets. Economic normalisation attracted buyers in realty stocks while safe haven IT stocks continued to lead the upbeat market,” said Vinod Nair, head of research, Geojit Financial Services.

The broader markets outperformed the benchmark as mid and small caps ended higher by 0.4 per cent and 1 per cent, respectively.

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