The benchmark BSE Sensex and the

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broader Nifty climbed to new life-time highs of 32,687.32 and

10,242.45 points, respectively, in opening session on the back

of gains in banking, FMCG, auto and oil and gas stocks.

Uninterrupted buying by domestic institutional investors

(DIIs) bolstered the trading sentiment, traders said.

The rally came on the back of widespread gains led by

metal, auto, FMCG, banking and oil & gas stocks.

Oil-to-telecom conglomerate Reliance Industries was

trading higher by 0.43 per cent at Rs 880.50 after the company

on Friday reported a 12.5 per cent jump in its September

quarter net profit.

The 30-share Sensex soared 254.63 points, or 0.78 per

cent to scale a new high of 32,687.32, breaking its previous

intra-day record of 32,686.48 hit on August 2.

The 50-share NSE Nifty too spurted by 75 points, or 0.73

per cent to scale a fresh life-time high of 10,242.45,

surpassing its previous intra-day record of 10,191.90 touched

in Friday.

Major gainers that shot the key indices to record highs

were Cipla, Tata Motors, Bharti Airtel, Hindustan Unilever,

M&M, Power Grid, Dr Reddy's, Tata Steel, Bajaj Auto, Kotak

Bank, ITC Ltd, Asian Paint and L&T, rising by up to 2.07 per

cent.

A firming trend at other Asian markets as investors

tracked another positive lead from Wall Street, influenced the

sentiment.

Hong Kong's Hang Seng was trading higher by 0.94 per

cent, while Shanghai Composite rose 0.14 per cent in late

morning trade. Japan's Nikkei too was up 0.63 per cent.

The US Dow Jones Industrial Average closed 0.13 per cent

higher on Friday.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)