Dalal Street lights up before Diwali; Sensex, Nifty touch fresh record highs

Dalal Street lights up before Diwali; Sensex, Nifty touch fresh record highs

Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country's merchandise exports surged in September, pushing the trade deficit to a seven-month low.

Mumbai: The BSE Sensex rose by 200.95 points to close at an all-time high of 32,633.64 as investor optimism climbed following encouraging comments from the International Monetary Fund chief.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 39.45 points or 0.39 per cent higher at 10,206.90 points.

The Sensex of the BSE, which opened at 32,488.23 points, was trading at 32,666.74 points (at 9.42 a.m.), higher 234.05 points or 0.72 per cent from Friday's close at 32,432.69 points.

Mumbai: Driven by strong IIP numbers and an unchanged inflation, the Sensex today rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

More news: Minor girl among 2 injured by 'unprovoked Indian firing': ISPR

Almost 130 stocks rose to a fresh 52-week high on the BSE, in the opening trade of the Diwali week. Meanwhile, Colgate Palmolive (down 3.20 per cent), Adani Enterprises (down 2.21 per cent), IDFC Bank (down 2.19 per cent), ABFRL (down 2.02 per cent) and MRPL (down 1.81 per cent) pared gains.

The rally came on the back of widespread gains led by metal, auto, FMCG, banking and oil & gas stocks.

Besides Bharti Airtel, IT bellwether TCS firmed up 0.32 per cent to Rs 2,556.75 even as the company's net profit fell 2.1 per cent in the September quarter. Australian shares extended their winning streak to a fourth straight session to rise 0.6 percent, while the Shanghai Composite Index edged 0.1 percent higher. The Dow Jones Industrial Average rose 30.71 points, or 0.13% to end at 22,871.72, and the S&P 500 gained 2.24 points or 0.09 % to 2,553.17.

MSCI's broadest index of Asia-Pacific shares outside Japan gained for a fifth day running to its highest level since late 2007.

Related Articles

  • Hartley to make F1 debut with Toro Rosso

    Hartley to make F1 debut with Toro Rosso

    But media outlets including the Spanish sports daily Marca now report that the frontrunner is in fact Brendon Hartley . That has opened up the door for the under-performing Kvyat to return but Gasly may now miss Texas because the U.S.
    Russia: Israel following 'bad example' of U.S.  in UNESCO pullout

    Russia: Israel following 'bad example' of U.S. in UNESCO pullout

    The Reagan administration quit the organization in the 1980's, and the US rejoined it only two decades later, under the George W. Washington will resume full membership only if the UNESCO makes substantial changes, State Department officials said Thursday.
    Hurricane Ophelia strengthens as it heads for UK

    Hurricane Ophelia strengthens as it heads for UK

    On Thursday afternoon, Ophelia's core was located about 715 miles southwest of the Azores , where it was virtually stationary. A weather warning has been issued for Cornwall as Hurricane Ophelia sweeps the Atlantic .
  • Grandfather finds old lottery ticket worth $24000000 in shirt pocket

    Grandfather finds old lottery ticket worth $24000000 in shirt pocket

    As to how many of those lucky winners will pocket their money or cash it in to buy more lottery tickets? I was in serious doubt. The New York Lottery is reporting that Jimmie Smith , 68, has claimed his prize that was due to expire in 48 hours.
    Modi's Bihar visit - many infrastructure development may start

    Modi's Bihar visit - many infrastructure development may start

    Modi said probably so much work in infrastructure has not been done in Bihar in such a short period of time after Independence. Modi said, "We are a nation of 800 million young people, 65 per cent of our population is below the age of 35 years".
    You can now order food on Facebook

    You can now order food on Facebook

    With today's announcement, food ordering is being rolled out across the US and is available via its iOS, Android and desktop apps. If the restaurant only partners with one delivery service that Facebook works with, users go straight to that company's platform.
  • Aaron Rodgers Has Broken Collarbone, Could Miss Rest of Season

    Aaron Rodgers Has Broken Collarbone, Could Miss Rest of Season

    Rodgers fell on his throwing shoulder, and the Packers (4-2) announced he could miss the remainder of the season. Wisconsin native Tony Romo may get a call, but he would have to step away from his broadcasting job with CBS.
    Site to get 'more aggressive' policing tweets — Twitter's Dorsey

    Site to get 'more aggressive' policing tweets — Twitter's Dorsey

    In 2017, he declared - without specifics - that "we made it our top priority and made a lot of progress". McGowan has subsequently had the suspension on her account lifted.
    Court reinstates suspension of Ezekiel Elliott

    Court reinstates suspension of Ezekiel Elliott

    The primary reason this took longer was there were significant delays in getting the information we requested from Mr. If Elliott's legal team can't put the suspension on hold again, it will begin October 22 at San Francisco .
  • Patriots rally to beat Jets

    Patriots rally to beat Jets

    They have also won 11 straight road games, the second-best streak in team history since they won 12 in a row from 2006-08. McCown threw an ill-advised pass to Robby Anderson along the sideline that Patriots cornerback Malcolm Butler intercepted.
    Koeman 'not interested' in Keane's Everton jibes

    Koeman 'not interested' in Keane's Everton jibes

    However, Koeman will be tentative about throwing the 35-year-old back into action following his recovery from a hamstring injury. Featuring in his unfavoured role of left-wing, this doesn't mean he won't have an impact on the afternoon's affairs.
    NFL's Roger Goodell: 'We believe everyone should stand for the National Anthem'

    NFL's Roger Goodell: 'We believe everyone should stand for the National Anthem'

    Players sitting or kneeling are protesting against racial injustice and police brutality against African-Americans. With his letter, Goodell likely hopes to improve league morale, as well as boost viewership.