Indian benchmark indices closed at record highs on Monday. The Bombay Stock Exchange Sensex finished 200.95 points higher at 32,633.64, while the National Stock Exchange Nifty closed 63.40 points up at 10,230.85.
Soon after markets opened for the day, the Sensex climbed to a lifetime high of 32,687.32, and Nifty hit a record high of 10,242.45 points. But both indices shed gains, and by 11 am were trading below their opening levels. However, the markets rallied once again after government data showed that wholesale price inflation had fallen in September. The rise in exports to a six-month high also boosted the market sentiment on Monday.
The biggest gainers on the Sensex were Bharti Airtel, Tata Motors DVR, Mahindra & Mahindra, Tata Motors and Hindustan Unilever. The biggest losers were Axis Bank, Wipro, BHEL, Maruti Suzuki and Adani Ports.
On the Nifty, Bharti Airtel, Bharti Infratel, Vedanta, Mahindra & Mahindra and Bosch were the best performers. Bajaj Finance, IndusInd Bank, Axis Bank, Yes Bank and Tech Mahindra were the top losers.
Indian stock markets were also influenced by other Asian bourses, which tracked positive cues from Wall Street. Hong Kong’s Hang Seng rose 216 points, Japan’s Nikkei gained over 100 points and Taiwan’s index was up 50 points. Only the Shanghai Composite finished 12 points lower.
The Indian rupee was trading at 64.74 against the United States dollar at 3.55 pm.