Sensex, Nifty Rise To Fresh Highs, Wipro, Infosys In Limelight

BSE Sensex and NSE Nifty rise to record highs on Monday

BSE Sensex and NSE Nifty rise to record highs on Monday

Asian stocks mostly rose on Monday, spurred by record high closes for the Dow and S&P 500 on bets that the Federal Reserve's policy will remain accommodative following lacklustre USA data, which sent the dollar reeling to a 10-month low.

Meanwhile, the S&P BSE Sensex was up 69.22 points or 0.22% at 32,089.97.

MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to climb 0.4 per cent after the buoyant China readings.

Both the Nifty and the Sensex posted their best weekly gain last week, since the week ending March 17, 2017.

"Foreign investors are continuously buying into selected index heavyweight stocks, resulting in the upmove in the market", says Deven Choksey, promoter, K R Choksey Investment Managers. On the other hand, FMCG index succumbed to heavy selling pressure and was down 1.42 per cent followed by capital goods 0.01 per cent.

Shares of Wipro Ltd jumped over 5%, its biggest intraday percentage gain since 19 January 2015 as the Indian IT major said on Friday that it would consider a share buyback proposal in the company's board meeting which is scheduled on 20 July.

The Sensex touched a high of 32,107.92 points and a low of 32,053.98 points in the trade so far.

The BSE Sensex and Nifty jumped almost 1.5 per cent on Monday to record highs, surpassing their previous all-time highs hit just last week as.

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