Sensex ends 216 points higher, Nifty settles at 9966

BSE Sensex and NSE Nifty open at record highs

BSE Sensex and NSE Nifty open at record highs

Indian shares hit fresh record highs on Monday as continued buying by foreign funds and domestic institutional investors on the back of impressive quarterly results from the likes of Reliance Industries and HDFC Bank helped offset muted cues from global markets.

At 12.50 p.m., the wider Nifty of the National Stock Exchange (NSE) traded 52.60 points, or 0.53 per cent higher at 9,967.85 points. Sensex opened at 0.17 per cent higher than closing points on Friday.

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.

Intra-day trade saw both the indexes hitting fresh record highs of 32,320.86 and 9.982.05, respectively.

All the sectoral indices, led by IT, oil & gas, bank and PSU, were trading in the positive zone with gains up to 0.51 percent. Stocks rose on better-than-expected quarterly corporate results.

Gains in the markets were led by Reliance Industries and Wipro, which added almost 1.2 per cent and 2 per cent respectively.

Hong Kong's Hang Seng index settled at 26846.83, while Japan's Nikkei closed at 19,975.67.

On the currency front, the rupee strengthened by nine paise to 64.34-35 to a United States dollar from its previous close at 64.43-44. Share price of AstaZeneca Pharma advanced surged 3.5 percent as the company is set to launch anti-cancer drug Osimertinib 40mg and 80mg in India on July 27th.

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