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Sensex, Nifty hit fresh highs; TCS, HUL and RIL top contributors

Both indices added nearly 9 per cent each in August, their best monthly showing since November

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A total of 1,942 stocks advanced, while 1,245 declined on the BSE, indicating that the gains are getting more broad-based.

BS Reporter Mumbai
Benchmark indices logged fresh all-time highs on Thursday amid positive sentiment across the global markets on hopes the US Federal Reserve would maintain its easy monetary stance amid not so encouraging signs of economic recovery.
 
The BSE Sensex rose 514 points, or 0.9 per cent, to end at 57,852, while the Nifty rose 158 points, or 0.92 per cent, to finish at 17,234. Both indices added nearly 9 per cent each in August, their best monthly showing since November.
 
The latest increase was boosted by gains in index heavyweights Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance