The Sensex rose 154 points to a new high on Monday, amid a surge in ICICI Bank, L&T and Kotak Bank stocks and a steady flow of foreign funds. The positive sentiment from global markets also strengthened the perception here. The 30-share BSE Sensex rose to an all-time high of 46,373.34 points on the day. Finally, at the end of trading, it closed at 46,253.46, up by 154.45 points, or 0.34 per cent. This is its new record.
Similarly, the National Stock Exchange’s Nifty closed at an all-time high of 13,558.15 points, gaining by 44.30 points or 0.33 percent. It also touched a new high of 13,597.50 points during trading. Among Sensex companies, ONGC shares rose the most by nearly five per cent. Shares of L&T, NTPC, ICICI Bank, Sun Pharma, HCL Tech, Titan and Kotak Bank also gained.
On the other hand, shares of Mahindra & Mahindra, Bajaj Auto, Tech Mahindra and Bajaj Finserv declined. Vinod Modi, strategic head of Reliance Securities, said the domestic market rose to a new record high with the support of public sector banks. The market was also supported by the steady flow of foreign funds. According to provisional data from the stock exchanges, foreign portfolio investors bought shares worth Rs 4,195.43 crore net on Friday last weekend.
Other Asian markets saw gains in China’s Shanghai Composite and Japan’s Nikki. Hangseng in Hong Kong and Cospi in South Korea declined. European markets were in profit in early trade. Meanwhile, global benchmark Brent crude oil futures rose one percent to $ 50.47 a barrel.