Sensex, Nifty Scale Fresh Record Highs
(RTTNews) - Indian shares rose notably on Monday to reach new record highs despite weak cues from global markets after China reported disappointing GDP data.
The benchmark S&P/BSE Sensex jumped 529.03 points, or 0.80 percent, to 66,589.93 - marking a record closing high driven by sustained foreign fund inflows on the back of a weaker dollar amid expectations the Fed is nearing the end of its tightening campaign.
The broader NSE Nifty index also scaled a fresh record closing high, ending 146.95 points, or 0.75 percent, at 19,711.45.
HDFC Bank, Grasim, Dr Reddy's Laboratories, Wipro and SBI rallied 2-3 percent in the Nifty pack while Bharti Airtel, Titan Company, Tata Motors, Hero MotoCorp and ONGC fell 1-2 percent.
Gold prices were mixed in European trade after gaining about 1.6 percent last week to post their biggest weekly rise since April.
The dollar index hovered around 15-month lows after suffering its biggest weekly drop of the year.
Two-year U.S. Treasury yields, the most sensitive to shifts in rate expectations, were down slightly to hover above one-month lows while oil prices declined on China demand concerns.
FTSE 100 Climbs Higher Amid Oil Decline, U.K. Housing Recovery
CAC 40 Climbs As Oil Prices Fall On Middle East Diplomatic Hopes
Indian Shares Rise As Oil Prices And Bond Yields Dip On US-Iran Diplomacy Hopes
DAX Rises More Than 1% On Oil Decline And German Reform Push
Gold Edges Lower On Rate Hike Concerns
Oil Extends Slide As US-Iran Diplomacy Gathers Pace
European Shares Climb As Inflation Worries Ease
