Equities surge on positive global cues, Nifty50 at record high

Positive global cues, along with healthy buying in automobile, capital goods and consumer durables stocks, pushed the Indian equity markets higher, with the NSE Nifty50 touching record high levels on Monday.

According to market observers, the rally was aided by persistent pumping in of funds by domestic investors.

The wider Nifty50 of the National Stock Exchange (NSE) touched a record intra-day high of 10,171.70 points. It touched an intra-day high of 10,137.85 points on August 2.

At 3.30 p.m., the Nifty50 provisionally closed at a fresh new level of 10,153.10 points -- up 67.70 points or 0.67 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,361.37 points, closed at 32,423.76 points -- up 151.15 points, or 0.47 per cent, from its Friday's close at 32,272.61 points.

The Sensex touched a high of 32,508.06 points and a low of 32,361.25 during intra-day trade.

The BSE market breadth was bullish -- 1,526 advances and 1,078 declines.

On Friday, the benchmark indices closed on a flat note as weak global cues on the back of recurring geo-political tensions, coupled with profit booking, subdued investors' sentiments.

The Sensex closed with marginal gains at 32,272.61 points -- up 30.68 points, or 0.10 per cent, while the Nifty50 inched down 1.20 points, or 0.01 per cent, to close at 10,085.40 points.

--IANS

ppg/vm