Nifty crossed the 10,200 mark for the first time, the Sensex also reached a record high of 32,687.
Positive Global Signals and Asian Markets Accelerated the start of the domestic stock market on Monday. After making record high, there was profit-booking from the upper level in both the major indices. This led to 250 points slipping from the Sensex upper level, while the Nifty slipped morethan 60 points from the top.Making pressure on the market by profit-booking in heavyweight Reliance Industries, Axis Bank, SBI, HDFC Bank, Maruti and HDFC. However, after returning from the lower level, the Nifty is trading across 10200. Phillips Sensex has climbed 200 points to 32632 points and the Nifty is trading 60 points higher at 10,228 points.
Nifty touches new peak
On Monday, the Nifty crossed the 10200 level for the first time. During the business, it touched the record level of 10242 points. Earlier on October 13, the Nifty had set a record of 10191.90 points during the trading.
Sensex also reached record high
Sensex has also managed to reach new historical levels by all-round shopping. The Sensex broke the record level of its previous 32,686 and set a new record of 32,687.
Reason for strengthening in the market
Stronger IIP figures at domestic level, lack of retail inflation, buying of DII and good results of TCS-RIL have boosted the sentiments of investors.With strong IIP data indicating recovery in the economy, the market has gained strength.Asian markets have reached the hike of decade, the impact of which has been shown on the domestic market.Heavyweight stocks Reliance Market, HUL, Power Grid, ICICI Bank, TCS, ITC, HDFC Bank, HDFC, Infosys and Maruti have got support in the market.
Strong start of rupees
Rupee’s strong start on the first trading day of the week on Monday. Rupee jumps 13 paise to 64.80 against dollar The rupee had closed at 64.92 with a rise of 16 paise against the dollar on Friday. Rupee against dollar rose 13 paise to Rs. Was open at 64.95 level.