- विज्ञापन -
Mumbai: Indian frontline indices were trading at an all-time high on Monday as heavyweights like Bharti Airtel, SBI and M&M were top gainers in the BSE’s Benchmark. In early trade, Sensex and Nifty made a new all-time high of 84,862 and 25,911 respectively. At 9.46 a.m., Sensex was 259 points or 0.31 per cent at 84,803 and Nifty was 110 points or 0.43 per cent at 25,903.
Buying was also seen in the midcap and smallcap stocks. Nifty midcap was 305 points or 0.51 per cent at 60,514 and Nifty smallcap was 154 points or 0.80 per cent at 19,486. Among all the sectoral indices, Auto, PSU Bank, fin service, metal, realty and oil & gas were top contributors.
IT and Pvt Bank were top laggards. In the Sensex, Bharti Airtel, M&M, SBI, NTPC, Ultratech Cement, Tata Steel, Kotak Mahindra Bank, Maruti Suzuki, Titan, Nestle, Bajaj Finserv and HUL were top gainers. ICICI Bank, Wipro, HCL Tech, Infosys, IndusInd Bank and JSw Steel were the top losers.
Choice Broking said, “Asian markets traded higher on Monday, buoyed by continued optimism surrounding recent interest rate cuts. The People’s Bank of China (PBOC) loosened monetary conditions by reducing its 14-day reverse repo rate. While this move provided a positive impetus, gains were tempered by the PBOC’s recent decision to maintain its benchmark loan prime rate.”
