Sensex zooms past 31,700 to end at record-breaking high; Nifty soars above 9,700 on renewed buying

Mumbai: The BSE Sensex surged by over 355 points, its biggest single day gain in six weeks to record a new closing high of 31,715.64 and Nifty settled above the 9,700-mark for the first time despite technical glitches on NSE disrupting trade on its platform for over three hours. Monday, the 30-share BSE Sensex ended the session at 31,715.64, up 355.01 points, or 1.1 percent higher from previous close. Intra-day, the benchmark index surged to a new all-time high of 31,768.39, up 408 points before trimming some gains towards the closing stages. [caption id=“attachment_2650838” align=“alignleft” width=“380”]  Reuters[/caption] The broader 50-stock NSE ended above the 9,700-mark at 9,763.05, up 97.25 points, or 1 percent. Sentiments were mostly bolstered on sustained buying by domestic institutional investors and retailers amid optimism over the upcoming earnings season, with TCS scheduled to post earnings on 13 July, brokers said. Trading activities resumed at 1230 hours at the National Stock Exchange (NSE) in the afternoon today after the system faced technical glitches in the morning that led to diruptions. NSE apologised for the glitch saying it is examining the matter to identify the cause. Most Asian markets were in the green and European markets were higher in early deals, following a weekened rally on Wall Street that came on the back of forecast-busting jobs, which too bolstered trading sentiments here.