Equity indices trade at record highs, Nifty50 crosses 10,600-mark

Strong global cues along with healthy buying in capital goods, healthcare and banking stocks lifted the key Indian equity indices to trade with gains for the third consecutive session on Monday.

The wider Nifty50 of the National Stock Exchange (NSE) crossed the 10,600-level and touched a fresh intra-day high level of 10,623.20 points.

Around 1.10 p.m., the Nifty50 traded higher by 53.45 points and 0.51 per cent at 10,612.30 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE too scaled a new intra-day high of 34,374.85 points.

The Sensex, which opened at 34,216.33 points, traded at 34341.69 points (at 1.10 p.m.) -- up 187.84 points or 0.55 per cent -- from its previous session's close.

The BSE market breadth was bullish as 1,815 stocks advanced as compared to 1,016 declines.

"BSE Sensex surged to new life time high and the Nifty50 hit a new record high of 10,600 with strong gains from pharma, IT and banking stocks," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

On Friday, the equity indices closed higher on the back of positive global cues, along with inflow of foreign funds.

The Nifty50 rose by 54.05 points or 0.51 per cent to close at 10,558.85 points while the Sensex closed at 34,153.85 points -- up 184.21 points or 0.54 per cent.

--IANS

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