Sensex jumps 253 points to hit lifetime high of 58,383; Nifty surges 67 points

Reliance Industries moved up by 2.8 percent to Rs 2,456.90 per share while Grasim rose by 2.9 percent

Sensex jumps 253 points to hit lifetime high of 58,383; Nifty surges 67 points

Sensex and Nifty Today: The equity benchmark indices extended their bull run during early hours on Monday with auto stocks leading the rally.

At 10:15 am today, the BSE S&P Sensex was up by 253 points or 0.44 percent at 58,383 while the Nifty 50 rose by 67 points or 0.39 percent to 17,391.

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The sectoral indices were mixed with Nifty auto and realty up by 0.6 percent. But Nifty financial service, metal, and pharma were in the negative zone.

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Sensex, Nifty start on a cautious note

Among stocks, Reliance Industries moved up by 2.8 percent to Rs 2,456.90 per share while Grasim rose by 2.9 percent.

The other major gainers were Bajaj Auto, Eicher Motors, Hero MotoCorp, Maruti Suzuki, Tata Motors. But Tata Steel, JSW Steel, IndianOil Corporation, Power Grid Corporation, and Asian Paints traded with a negative bias.

Meanwhile, Asian shares edged higher as a disappointing US payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.

Nifty ends a tad shy of 16,150, Sensex soars 873 points; HDFC, Titan surge

A holiday in the United States made for thin conditions and kept MSCI’s broadest index of Asia Pacific shares outside Japan to a small gain of 0.2 percent.

Japan’s Nikkei added 1.7 percent, extending a rally on hopes a new prime minister there would bring added fiscal stimulus.

-PTC News