MUMBAI: Buoyant market sentiment drove both BSE Sensex and NSE Nifty, which touched an all-time high on Monday as investor optimism rose following encouraging comments from IMF, robust quarterly earnings and mild WPI data. While Sensex rose by 200.95 points to close at 32,633.64, the broader NSE Nifty ended at a fresh high of 10,230.85 points, showing gains of 63.40 points, or 0.62 per cent, in its record setting spree for the second session. The trading week ahead of Diwali, encouraging Q2 earnings from players like Reliance Industries and Bharti Airtel lifted market sentiment. The rupee appreciating further to 64.68 against the dollar (intra-day) at the forex market also fuelled the rally.
Amid concerns of a slowdown, IMF laid confidence in the Indian market with its chief Christine Lagarde bestowing encouraging words on Saturday saying the Indian economy was on a ‘very solid track’ in the mid-term, triggering all-round buying activity. The broader NSE Nifty zone past the 10,200-mark for the first time to hit an all-time high of 10,242.95. It, however, failed to maintain record levels on profit-booking, and settled at new high of 10,230.85, up 63.40 points, or 0.62 per cent. It broke its previous record closing of 10,167.45, hit on October, 13.
The Sensex after scaling an all-time of 32,687.32 points at the outset, finally ended 200.95 points to end at a new peaked of 32,633.64, breaching its previous record of 32,575.17 hit on August 1 and also broke its intra-day record of 32,686.48 reached on August, 2. The gauge had gained 598.70 in the previous two straight sessions. Unabated buying by domestic investors and WPI falling to 2.6 per cent in September, helped the key indices to scale new highs.