This Article is From Oct 16, 2017

Sensex, Nifty Hit Record Highs; Godrej Agrovet Surges 37% On Listing

Vedanta, Hindalco, Cipla, Bharti Airtel were among the lead gainers in Nifty, rising between 1-2.5 per cent.

Sensex, Nifty Hit Record Highs; Godrej Agrovet Surges 37% On Listing

Sensex jumped over 250 points to hit a record high of 26,447.06.

Indian markets extended their record breaking rally with both Sensex and Nifty indices hitting fresh all-time highs on Monday. Sensex jumped over 250 points to hit a peak of 26,447.06 while the NSE benchmark Nifty rose nearly 75 points to a record high of 10,242.95 amid broad-based buying across sectors. Positive Asian shares also boosted sentiments. Uninterrupted buying by domestic institutional investors (DIIs) bolstered the trading sentiment, traders said. DIIs have pumped in over Rs 5,000 crore in to equities in this month so far.

Vedanta, Hindalco, Cipla and Bharti Airtel were among the lead gainers in Nifty, rising between 1 per cent and 2.5 per cent. Oil-to-telecom conglomerate Reliance Industries rose over 1 per cent to a record high of Rs 891.90, after it reported a 12.5 per cent jump in its net profit for the July-September quarter.

Shares in D-Mart operator Avenue Supermarts, which reported a 65.20 per cent jump in its September quarter profit, jumped as much as 3.8 per cent to an intraday high of Rs 1,275.

Meanwhile, agribusiness company Godrej Agrovet, a subsidiary of Godrej Industries, made a stellar market debut on stock exchanges today. Godrej Agrovet shares jumped as much as 37 per cent to Rs. 630 on the National Stock Exchange (NSE) against the issue price of Rs. 460.

Elsewhere, other Asian shares advanced to a decade high on Monday. Hang Seng was up 0.89 per cent, Nikkei traded 0.66 per cent higher while Taiwan Weighed added 0.38 per cent.

As of 11:15 am, Sensex was up 77 points or 0.23 per cent at 32,509.55 and the Nifty traded 28.25 higher at 10,195.70.