Market Live:
Nifty, Midcap open at record high; Sensex up 175 pts on global cues
Equity benchmarks
started off the week on a strong note as the Nifty50 and Midcap opened at fresh
record highs while the Nifty Bank soared over 25,000 level, tracking global
cues.
The 30-share BSE
Sensex was up 175.72 points at 32,448.33 and the 50-share NSE Nifty rose 63.20
points to 10,148.60.
L&T, Bharti
Infratel, HDFC Bank and Tata Motors were leading contributors to Nifty's gains.
Sun Pharma, Adani Ports, Dr Reddy's Labs and ONGC were only losers among
Nifty50 stocks.
About four shares
advanced for every share falling on the BSE.
Nifty Midcap was up
0.8 percent. Among midcaps, Goa Carbon, Bombay Dyeing, Graphite India, HEG,
Speciality Restaurants, Jubilant Foodworks, Cadila Healthcare, ICICI Prudential
and TVS Electronics gained up to 10 percent.
Asian shares gained
as investors anticipated clues on the direction of monetary policy from central
banks later in the week.
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