The Sensex crossed 77,000 points for the first time. At the same time, the Nifty also reached a new all-time high. The domestic markets surged a day after Narendra Modi took oath as Prime Minister for the third time on Sunday.
Domestic markets rose in early trade on Monday and the Sensex crossed the 77,000 mark for the first time in the fourth consecutive session.
The 30-share BSE Sensex rose 385.68 points to a new record high of 77,079.04 points in early trade. The NSE Nifty rose 121.75 points to its all-time high of 23,411.90 points. Domestic markets rose a day after Narendra Modi took oath as Prime Minister for the third time on Sunday.
Among the 30 companies listed on the Sensex, Power Grid, Axis Bank, State Bank of India, Bajaj Finserv, Reliance Industries and NTPC made the most gains. Tech Mahindra, Infosys, Wipro, HCL Technologies and Titan suffered losses. In Asian markets, South Korea's Kospi was in the red and Japan's Nikkei was in profit.
Global oil benchmark Brent crude futures were trading 0.31 per cent higher at USD 79.87 per barrel. According to stock market data, foreign institutional investors (FIIs) remained bullish in the capital market on Friday and bought shares worth a net Rs 4,391.02 crore.
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