The markets on Monday morning opened higher with Sensex at 68,383.56, up by 902.37 points and Nifty was at 20,547.75 with a gain of 279.85 points.
Nifty 50 index hit an all-time high of 20,547.75 in today's trading session and crossed its previous record high. Sensex also hits record high and crosses earlier level of 67,927.23, which it had made on September 15.
From Sensex pack, SBI, HDFC, M&M, NTPC, and LT were the major gainers in the morning session.
Nifty Bank in the morning session was trading lower at 45,546.35, up by 735.15 points or 1.63 percent.
From the Sensex pack, SBI, HDFC, M&M, NTPC, and LT were the major gainers in the morning session.
Markets hit record highs after BJP’s victory in key state elections
The Indian benchmark indices opened at fresh all-time highs on Monday after the Bharatiya Janata Party (BJP) led by Narendra Modi secured wins in three of the four states.
The saffron party registered massive wins in Chhattisgarh, Madhya Pradesh and Rajasthan, and the Congress party won the state of Telangana by capturing 64 seats in the 119-member assembly.
Markets on Friday
The benchmark indices on Friday ended the week on a positive note. The 30-share BSE Sensex was up by 492.75 points or 0.74 percent, to close at 67,481.19. Meanwhile, the NSE Nifty, was rose by 134.75 points or 0.67 percent to end the day at 20,267.90, reaching its new lifetime high. Nifty Bank gained 332.45 points or 0.75 percent at 44,814.20.
Global markets
Asian markets trading mixed on Monday with Japan's Nikkei 225 down by 143.13 points to reach 33,288.38, Hong Kong's Hang Seng up by 26.77 points, reaching 16,857.07, and South Korea's KOSPI slightly up by 14.45 points to reach 2,519.46 and Gifty Nifty at 20,638.50, up by 145 points.
Oil prices
On Monday, the oil price were trading higher, Brent crude futures increased by 28 cents, or 0.4 percent, reaching US dollar 79.16 per barrel as of 0018 GMT. Similarly, U.S. West Texas Intermediate crude futures stood at US dollar 74.36 per barrel, rising by 29 cents, or 0.4 percent.
Rupee
The Indian Rupee opened slightly higher at 83.26 against the US dollar in early trade on Monday.
