Sensex, Nifty touch record high (Second Lead)

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On Monday, the equity markets closed on a positive note as both Sensex and Nifty finished with 0.6 per cent gain.

Mumbai: Driven by strong IIP numbers and an unchanged inflation, the Sensex today rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

During the day, the Sensex touched a record high of 32,687.32 points, while the Nifty 50 touched its lifetime high of 10,242.95. The rupee appreciated by another 25 paise to 64.68 against the USA currency in early trade at the interbank forex market today on dollar selling by banks and exporters.

Sectoral indices turned green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 71.05 points or 0.70 per cent higher at 10,238.50 points.

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Underlying inflation in the United States was muted at 0.2 percent in August, data showed on Friday.

Reliance Industries shot up by 1.15 per cent to Rs 882.50 as participants raised their bets ahead of earnings, to be released later in the day. Financial results of India Inc for September quarter will continue to dominate investor sentiment in the coming week.

Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of U.S. and Chinese economic data as well as the Chinese Communist Party congress next week.

Major Sensex gainers on Friday were: Bharti Airtel, up 7.89 per cent at Rs 431.60; Tata Steel, up 2.86 per cent at Rs 710.60; Kotak Bank, up 2.20 per cent at Rs 1,081.70; HDFC Bank, up 2.09 per cent at Rs 1,853.45; and Coal India, up 2 per cent at Rs 288.05.

Japan's Nikkei rose 0.23 per cent while Shanghai Composite rose up 0.09 per cent in their early deals.