The Indian share markets trading activity rose for the third consecutive session and closed at record highs on Monday led by gains in Tata Motors, HDFC Bank, ICICI Bank, ITC, Kotak Mahindra Bank, HDFC, Maruti Suzuki and SBI. The Sensex, rose 417 points to hit intraday record high of 60,476.13 and Nifty 50 index moved above its important crucial level of 18,000 for the first time to hit record high of 18,041.95, during the day.
At the closing bell, the Sensex gained 77 points at the record high of 60,136 and Nifty 50 index rose 51 points to close at an all-time high of 17,946. Buying was active across the board as all the 15 sector gauges, of the NSE ended higher. Nifty Auto index was the top sectoral gainer, up nearly 3 per cent. Nifty Bank, Financial Services, Media, Metal and Realty sector gauges also rose between 1.3-2.6 per cent. Mid-Cap and small-cap shares also witnessed buying interest as Nifty Midcap 100 index rose 0.6 per cent and Nifty Smallcap 100 index advanced 1.13 per
Tata Motors was top Nifty gainer, the stock rose 9 per cent to close at fresh One-year-high of Rs. 417.80 after the company said that underlying demand JLR products remains strong with order books at record levels. Coal India added 4.35 per cent amid reports of shortage of coal in the country. Maruti Suzuki, Power Grid, Grasim Industries, Hindalco, ONGC, NTPC, ITC, SBI, Kotak Mahindra Bank and HDFC Bank also rose between 2-3.4 per cent.
On the downside, TCS fell 6 per cent to close at Rs 3,687 on fears that large deals that drove most of its growth in the past year were drying up. Tech Mahindra, Infosys, HCL Technologies, Britannia Industries, Wipro, HDFC, Reliance Industries and Bharti Airtel were among the losers.