Sensex, Nifty Scale Fresh Record Highs
(RTTNews) - Indian shares rose notably on Monday to reach new record highs despite weak cues from global markets after China reported disappointing GDP data.
The benchmark S&P/BSE Sensex jumped 529.03 points, or 0.80 percent, to 66,589.93 - marking a record closing high driven by sustained foreign fund inflows on the back of a weaker dollar amid expectations the Fed is nearing the end of its tightening campaign.
The broader NSE Nifty index also scaled a fresh record closing high, ending 146.95 points, or 0.75 percent, at 19,711.45.
HDFC Bank, Grasim, Dr Reddy's Laboratories, Wipro and SBI rallied 2-3 percent in the Nifty pack while Bharti Airtel, Titan Company, Tata Motors, Hero MotoCorp and ONGC fell 1-2 percent.
Gold prices were mixed in European trade after gaining about 1.6 percent last week to post their biggest weekly rise since April.
The dollar index hovered around 15-month lows after suffering its biggest weekly drop of the year.
Two-year U.S. Treasury yields, the most sensitive to shifts in rate expectations, were down slightly to hover above one-month lows while oil prices declined on China demand concerns.
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
Australian Market Swings To Modest Gains In Mid-market
Asian Markets Mixed Amid Caution Trades
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
Thai Stock Market Tipped To Open In The Green
Japanese Market Notably Lower
