The BSE Sensex advanced by 210
points while the NSE Nifty scaled fresh record high levels in
morning session on persistent buying mainly in capital goods,
telecom, auto and power stocks.
Higher global advices also boosted the market sentiment.
The Sensex resumed higher at 32,361.37 and moved in a
range of 32,508.06 to 32,361.25 before quoting at 32,482.76,
up by 210.15, or 0.65 per cent.
The NSE 50-share Nifty that scaled all time high level of
10,170 in morning trade, was up by 81.70 points or 0.81 per
cent at 10,167.10.
Major gainers were Bajaj Auto 3.44 per cent, Tata
Motors DVR 2.86 per cent, L&T 2.31 per cent, Tata Motors 1.89
per cent and Hero Motoco 1.34 per cent.
Foreign portfolio investors (FPIs) bought shares worth
Rs 418.86 crore last Friday, as per provisional data released
by the stock exchanges.
In overseas, Asian stocks edged up as investors
anticipated clues on the direction of monetary policy from
central banks later in the week. The US Federal Reserve's
interest rate decision is scheduled on Wednesday. Japan
markets are closed for a public holiday.
The US stocks rose to record levels on last Friday,
posting sharp weekly gains, with a big assist from rallying
telecommunication and bank shares as Wall Street shook off
North Korea's latest missile launch.
-- Rupee trims early gains, trades at 64.05 vs dollar --
The rupee trimmed its initial gains against the American
currency and was quoted at 64.05 per dollar in afternoon trade
on mild selling of dollars by banks and exporters on hopes of
foreign capital inflows in view of firm equities.
However, firm dollar in the overseas market restricted
The dollar held firm near a seven-week high versus the
yen today, supported by recent rises in US yields, while
sterling took a breather after surging last week on growing
expectations that the Bank of England could raise interest
The rupee resumed higher at 64.05 per dollar as against
the last weekend's level of 64.08 per dollar at the Interbank
Foreign Exchange (Forex) Market.
It hovered in a range of 63.9950 per dollar and 64.0650
per dollar before quoting at 64.05 at 1300 hrs.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)