Infosys, Wipro lead India shares to record highs


Stock market indices Sensex and Nifty rose to fresh record highs amid strong buying in IT stocks such as Wipro, Infosys and Tech Mahindra.

On the sectoral front, barring the Nifty FMCG index, which lost 1.70 per cent, all indices ended in green.

Major gainers in the 30-share index were Wipro (3.12%), Adani Ports and Special Economic Zone (1.81%), ICICI Bank (1.69%), Cipla (1.56%), Infosys (1.37%), and Reliance Industries (1.33%).

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At around 12.30 pm, Sensex was trading 56 points higher at 32,075.65 while the Nifty50 was at 9,905.85, up 20 points.

Losers wer Coal India, ITC, Axis Bank and Hindustan Unilever, down between 0.5 percent to 2.5 percent. At around 11.10 am, BSE Sensex was trading 100 points higher at 32,123.57. Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre United States data will keep the Federal Reserve cautious about the pace of further policy tightening.

During the day, they had gone up by 5.54% to Rs273.90. These three firms were the top gainers on Nifty 50.

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With the onset of quarterly results and Parliament's monsoon session, the Indian equity markets traded with gains during the mid-afternoon session on Monday.

The broader NSE Nifty hit a life high, rising as much as 0.34 percent to 9,920.30, while the BSE Sensex gained as much as 0.35 percent to 32,131.92, a record level.

"Going ahead, 9,900-9,920 would remain to be the levels to watch out for in the upward direction; whereas, on the lower side, 9845 - 9778 would be seen as immediate support levels", Sameet Chavan of Angel Broking said in a note.

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