Sensex, Nifty hit record high as June F&O opens strong

The gauge had rallied 448.39 points in the previous session

PTI May 26, 2017 11:45:37 IST
Sensex, Nifty hit record high as June F&O opens strong

Mumbai: The BSE Sensex today shot up another 133.86 points to a fresh all-time high of 30,883.89 and the Nifty hit 9,542.85 in early trade today as the June derivatives series took off on a strong footing on encouraging earnings and sustained foreign capital inflows.

The 30-share BSE index climbed 133.86 points, or 0.43 percent, to trade at a new record of 30,883.89, breaking its previous landmark of 30,793.43 (intra-day) touched in yesterday's trade.

Sensex Nifty hit record high as June FO opens strong

Reuters

The gauge had rallied 448.39 points in the previous session.

All sectoral indices of BSE led by metal, FMCG and auto were in the positive zone, rising up to 1.84 percent. The NSE index Nifty too hit a new high of 9,542.85 by surging 33.10 points, or 0.34 percent, breaching its previous intra-day high of 9,532.60 touched on May 17.

Brokers said investors were busy creating new positions following the beginning of the June futures and options (F&O) series that lifted the key indices - Sensex and Nifty - to a new highs.

Moreover, data showing that foreign institutional investors made sizeable buying to the tune of Rs 589.11 crore on Thursday buoyed sentiment.

Prominent gainers that helped the markets to trade at an all-time high were Tata Steel, Asian Paint, Bharti Airtel, ITC Ltd, Lupin, Adani Ports, Wipro, Coal India, PowerGrid, Maruti Suzuki, Tata Motors and Hero MotoCorp, rising up to 3.47 percent.

A mixed trend in the rest of Asia with Hong Kong's Hang Seng rising 0.17 percent, while Japan's Nikkei shed 0.26 percent in early trade today. Shanghai Composite Index down 0.17 percent.

The US Dow Jones Industrial Average ended 0.34 percent higher in yesterday's trade.

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