Zee Media Bureau
New Delhi: The benchmark BSE Sensex on Monday jumped 159.33 points to hit lifetime high of 28,027.96 in the early morning trade.
NSE Nifty touched another peak of 8,383.05 supported by gains in metals, oil and gas, power and consumer durable stocks.
Besides, a mixed trend at other Asian markets influenced trading sentiments.
Good buying was observed in healthcare and consumer durables sectors, while selling pressure was seen in capital goods and banking sectors.
Brokers said sustained foreign funds inflow and widespread buying by investors on hopes of acceleration in economic reforms process after Prime Minister Narendra Modi expanded his Council of Ministers, mainly buoyed trading sentiments, lifting key indices to new highs.
On the other hand, the rupee also strengthened by 17 paise to 61.45 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows.
Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas, supported the rupee.
With Agency Inputs
