Sensex, Nifty hit new peak during the week

Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

The BSE Sensex and the NSE Nifty hit record highs in the morning trade on Monday as investors bought oil and gas, IT and banking stocks after better-than-expected financial results.

The wider Nifty of the National Stock Exchange (NSE) rose by 51.15 points, or 0.52 per cent, to close at a fresh high of 9,966.40 points, after it touched a record high of 9,982.05 points during intra-day trade. It touched a record intra-day high of 32,320.86 points.

However, Dr. Reddy's Laboratories (down 1.09 per cent), Vedanta (down 0.89 per cent), Asian Paints (down 0.72 per cent) and Tata Steel (down 0.65 per cent) were trading in red.

In the Nifty index, Wipro (up 1.68 per cent), Bank of Baroda (up 1.48 per cent), YES Bank (up 1.48 per cent), Reliance Industries (up 1.25 per cent), Hero MotoCorp (up 1.14 per cent) and Bharat Petroleum Corporation (up 0.98 per cent) figured among top gainers.

PTI's top brass holds meeting after SC reserves Panamagate verdict
On this, Additional District and Sessions Judge Azfar Sultan issued a notice to Imran Khan to appear on July 21, but he did not. The date for announcement of the verdict will be released later.

However, the rupee depreciated 10 paise, to 64.42 against the dollar in afternoon deals at the forex market. On Friday, the rupee had closed at 64.32 per dollar.

The 30-share index rose to 32,223.18 points, up 194.29 points, or 0.61 per cent at 1100 hrs.

"A latest report from the International Monetary Fund, in which it projected India's growth at 7.7 per cent in 2018 helped sentiments". RIL Chairman Mukesh Ambani also announced bonus shares in 1:1 for its shareholders.

Reliance Industries was up 1.91 percent while HDFC Bank gained 1.88 percent.

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