Markets at record high; Nifty crosses 8,000-mark

A benchmark index of Indian equities markets Monday hit a record high of 26,854.08 points, surpassing its previous high of 26,674.38 points of Aug 28.

All the sectors were trading in green and the rally was led by capital goods, consumer durables, banking, metal and auto.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit record high and crossed 8,000-mark and was trading at 59.55 points or 0.75 percent up at 8,013.90 points.

Beating expectations and showing another sign of revival, the Indian economy expanded by 5.7 percent during the first quarter of the current financial year to log the highest growth yet in nine quarters, official data compiled by the Central Statistics Office (CSO) showed Aug 29.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,733.18 points, was trading at 26,823.81 points (at 12.03 p.m.), up 185.70 points or 0.70 percent from the previous day's close at 26,638.11 points.

The Sensex touched a high of 26,854.08 points and a low of 26,732.39 points in the trade so far.

The S&P BSE capital goods index surged by 322.10 points, metal index went up by 144.72, bankex moved up by 244.95 points, consumer durables index got augmented by 157.25 and auto index inched up by 140.87 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit record high and crossed 8,000-mark and was trading at 59.55 points or 0.75 percent up at 8,013.90 points.