Nifty touches new highs, Sensex up 210 pts in morning trade

Mumbai: The BSE Sensex advanced by 210 points while the NSE Nifty scaled fresh record high levels in morning session on persistent buying mainly in capital goods, telecom, auto and power stocks.

Higher global advices also boosted the market sentiment.

The Sensex resumed higher at 32,361.37 and moved in a range of 32,508.06 to 32,361.25 before quoting at 32,482.76, up by 210.15, or 0.65 per cent.

The NSE 50-share Nifty that scaled all time high level of 10,170 in morning trade, was up by 81.70 points or 0.81 per cent at 10,167.10.

Major gainers were Bajaj Auto 3.44 per cent, Tata Motors DVR 2.86 per cent, L&T 2.31 per cent, Tata Motors 1.89 per cent and Hero Motoco 1.34 per cent.

Foreign portfolio investors (FPIs) bought shares worth Rs 418.86 crore last Friday, as per provisional data released by the stock exchanges.

In overseas, Asian stocks edged up as investors anticipated clues on the direction of monetary policy from central banks later in the week. The US Federal Reserve’s interest rate decision is scheduled on Wednesday. Japan markets are closed for a public holiday.

The US stocks rose to record levels on last Friday, posting sharp weekly gains, with a big assist from rallying telecommunication and bank shares as Wall Street shook off North Korea’s latest missile launch.

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