Nifty Inches Closer to 10000-Mark, Sensex Over 150 Points up

Sensex Nifty open on a high on Monday Wipro Lupin early gainers

Benchmark Nifty50 index was 20 points up at 9,935, while the 30-share Sensex was 85 points up at 32,114 around 9.45 am (IST).

Indian shares hit fresh record highs on Monday as continued buying by foreign funds and domestic institutional investors on the back of impressive quarterly results from the likes of Reliance Industries and HDFC Bank helped offset muted cues from global markets.

The wider Nifty of the National Stock Exchange (NSE) rose by 51.15 points, or 0.52 per cent, to close at a fresh high of 9,966.40 points, after it touched a record high of 9,982.05 points during intra-day trade. "The gains in the Nifty were supported by impressive gains in index pivotals HDFC Bank, RIL, ITC and Infosys", Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS.

The Sensex closed at 32,028.89 points - up 124.49 points, or 0.39 per cent. On Friday, following positive results by Reliance and Wipro, both Sensex and Nifty recovered and were close to their high points that they had recorded at the beginning of last week.

However, the rupee depreciated 10 paise, to 64.42 against the dollar in afternoon deals at the forex market. Share price of AstaZeneca Pharma advanced surged 3.5 percent as the company is set to launch anti-cancer drug Osimertinib 40mg and 80mg in India on July 27th.

Software exporter Wipro also rose 1.9 percent after announcing a $1.7 billion share buyback.

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