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The benchmark BSE index Sensex closed at a new peak of 32,075 and the NSE index Nifty ended above 9,900 for the first time on foreign fund inflows and positive global cues.
The 30-share BSE index Sensex ended higher by 54.03 points or 0.17 per cent at 32,074.78 and the 50-share NSE index Nifty closed up by 29.60 points or 0.3 per cent at 9,915.95.
Earlier in the day, the Sensex hit a life-time high of 32,131.92 and the Nifty scaled a new peak of 9,920.30.
Among BSE sectoral indices, realty index was the star-performer and was up 1.28 per cent, followed by metal 0.97 per cent, IT 0.95 per cent and TECk 0.89 per cent. On the other hand, FMCG index fell the most by 1.54 per cent and capital goods index was down 0.07 per cent.
Top five Sensex gainers were Wipro (+3.12%), Adani Ports (+1.81%), ICICI Bank (+1.69%), Cipla (+1.56%) and Infosys (+1.37%), while the major losers were ITC (-3.4%), Coal India (-1.34%), Dr Reddy's (-0.72%), Axis Bank (-0.42%) and Maruti (-0.41%).
Investors were optimistic that blue-chip companies might post encouraging first quarter numbers in coming days. On top of it, monsoon progress so far has been above-normal.
IT stocks such as Wipro and Infosys led the gains. Wipro surged on buyback proposal. Shares of Wipro Ltd jumped as much as 5.45 per cent, their biggest intraday percentage gain since January 19, 2015.
“Foreign investors are continuously buying into selected index heavyweight stocks, resulting in the upmove in the market,” says Deven Choksey, promoter, K R Choksey Investment Managers.
Asian shares
Asian stocks mostly rose on Monday, spurred by record high closes for the Dow and S&P 500 on bets that the Federal Reserve's policy will remain accommodative following lacklustre US data, which sent the dollar reeling to a 10-month low.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2 per cent on Monday. Japanese markets were closed for a holiday. Australian shares were 0.3 per cent lower, while South Korea's KOSPI jumped 0.3 per cent.
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