Nifty touches new highs, Sensex up 210 pts in morning trade


Riding on positive cues from the global markets, the NSE benchmark Nifty advanced 68 points to hit a record closing high 10,153.10 following renewed buying interest.

Continued buying by domestic institutional investors (DIIs) and fresh fund inflows by foreign investors, which had been on selling spree, bolstered the trading sentiment, traders said. It also breached the intra-day record of 10,137.85 reached on August 2.

The 50-share NSE Nifty closed at all-time high of 10,153.10, up 67.70 points, or 0.67 per cent after shuttling between 10,171.70 and 10,131.30.

The Bombay Stock Exchange Sensex rose 191.10 points on Monday to trade at 32,463.71 at 10.30 am.

Overseas, European markets were higher as global investors returned to riskier assets amid cooling geopolitical tensions.

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Soon after opening, the 30-scrip Sensitive Index (Sensex), was trading 17.33 points or 0.05 per cent lower.

The US stocks registered fresh record closing high yesterday as investors looked ahead to the outcome of a key Federal Reserve meeting on Wednesday.

At 11 AM: Sensex was down by 20 points or -0.06% at 32,403.65 while the wider Nifty was down by over 8 points or 0.08% at 10,144.75. "Strength in rupee and a gradual pick up in FII buying has increased the liquidity in the market".

Sector-wise, the S&P BSE automobile index surged by 304.13 points, capital goods index by 267.63 points, and consumer durables index by 259.42 points.

Top gainers on Monday included Bajaj Auto, Bharti Infratel, Idea Cellular, HUL, L&T, Coal India, IndusInd Bank and Tata Motors (D) while ITC, Tata Steel, ONGC, SBI, Amnuja Cements, Tata Power and Sun Pharma declined.