Sensex scales up over 500 points to hit new peak; Nifty tops 18,500
Sensex scales up over 500 points to hit new peak; Nifty tops 18,500
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Equity benchmark Sensex rallied over 500 points during morning session on October 18 (Monday)  on account of widespread buying despite a weak trend in global markets. After touching an all-time high of 61,894.33 in opening deals, the 30-share Sensex was trading 512 points higher at 61,819. Similarly, the Nifty surged 157.40 points cent to 18,495.95. It touched a new intra-day record of 18,521.10 in initial deals.

At around 11.30 am, Hindalco was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tata Motors, JSW Steel,  Titan and Infosys. On the other hand, HCL Tech, Asian paint, Dr. Reddy Lab, Baja Auto and Cipla were trading with losses at this point.

In the previous session on Thursday, the 30-share index settled 568.90 points or 0.94 per cent higher at 61,305.95, and the Nifty surged 176.80 points or 0.97 per cent to a new lifetime closing high of 18,338.55. Foreign institutional investors (FIIs) were net buyers in the capital market, as they purchased shares worth Rs 1,681.60 crore, as per exchange data.

Fuel prices unchanged on Monday after four consecutive days of hike

FPI in India: FPIs turn net sellers in capital markets in Oct so far, pull out net Rs1,472-Cr

India's foreign exchange reserves rose sharply to $639.51 billion

 

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