Business

Markets at life-time high of 37,691.89 points

NSE Nifty advanced 26.30 points to end at a historic high of 11,387.10 mark.

Mumbai: Market benchmark Sensex and Nifty on Monday advanced up to 0.36% to close at fresh record levels largely on the back of gains in banking, energy and telecom stocks.

The 30-share BSE Sensex also hit an all-time high of 37,805.25 in day trade, breaking its previous intra-day record level of 37,711.87 touched on August 1, as index major Reliance Industries, ICICI Bank and Axis Bank advanced.

The barometer closed up by 135.73 points, or 0.36%, at 37,691.89, its all time closing high, even as 17 of its constituents ended in the red. The broader NSE Nifty advanced 26.30 points or 0.23% to end at a historic high of 11,387.10, bettering its previous record close of 11,360.80 hit on Friday.

The 50-share index breached the 11,400 mark for the first time in day trade and touched record intra-day high of 11,427.65 on gains in consumer durables, PSU, metal and auot stocks. Fresh buying by domestic institutional investors (DIIs) and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment, brokers said.

Rupee ends at 68.88 against US dollar

  •  The Rupee on Monday heavily down by 26 paise to 68.88, a two-week-low versus the US Dollar on rising demand for US Dollars by banks and importers, dealers at the Forex Market said.
  • The local unit rose marginally by five paise to 68.56 in early trade. Later, it slid and settled at 68.88, sliding by 26 paise as compared to its last close.
  • Major oscillation was seen during the day as it registered day high and low at 68.88 and 68.54 respectively.
  • Strong dollar against other currencies overseas pushed the Indian currency down however, robust market capped from further losses, dealer added.
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