Sensex, Nifty hit new peak post GDP surge
The National Stock Exchange index Nifty crossed the 8,000-level for the first time and surged to trade at a new peak of 8,018.65, up by 64.30 points, or 0.80%. Its previous all-time high was 7,968.25 hit on August 25.
Sentiments turned bullish as buying activity gathered momentum after India's economic growth rate improved to two-and-half year high of 5.7% in the April-June quarter, brokers said.
Besides, a mixed trend in the Asian region also influenced trading sentiments here.
Extending its winning-spree for the seventh session, the 30-share barometer spurted by 174.58 points, or 0.65%, to trade at a new life-time high of 26,812.69, surpassing its earlier record of 26,674.38 reached on August 28.
In the previous six sessions, the gauge has rallied by 323.96 points.
All the sectoral indices led by consumer durables, capital goods and banking, were trading in positive zone with gains up to 0.91%.
Larsen & Toubro, Hindalco, SBI, Maruti Suzuki, ICICI Bank, Reliance Ind, HeroMoto, Bharti Airtel, Dr Reddy, Bajaj Auto, Coal India, Tata Motors, TCS, Tata Steel, Infosys and Wipro were among prominent gainers that supported the indices to hit record highs.
Among other Asian markets, Hong Kong's Hang Seng shed 0.15%, while Japan's Nikkei gained 0.19% in early trade on Monday.
vijay kr yadav
pgdm 2nd year
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