Sensex, Nifty hit record high

"Markets began the week on a positive note as it surged higher to close at new highs despite softness in Europe".

The Sensex at the Bombay Stock Exchange (BSE) scaled a lifetime intra-day high of 32,252 in afternoon trade.

However, Dr. Reddy's Laboratories (down 1.09 per cent), Vedanta (down 0.89 per cent), Asian Paints (down 0.72 per cent) and Tata Steel (down 0.65 per cent) were trading in red.

The 30-share BSE Sensex rallied 216.98 points to 32,245.87 but the participation in today's rally was too low from broader markets as the BSE Midcap and Smallcap indices managed to end 0.3 percent higher each despite weak breadth. Stocks rose on better-than-expected quarterly corporate results.

Apparent closure of Alfred Angelo's retail stores nationwide leaves brides scrambling
After news of the closings broke, brides scrambled to pick up dresses before the stores shut their doors for good at 8 p.m. Kirstynn Stoltz said that she had just gotten home in La Vernia when she got a call from one of the stores in San Antonio.

Indian shares hit fresh record highs on Monday as continued buying by foreign funds and domestic institutional investors on the back of impressive quarterly results from the likes of Reliance Industries and HDFC Bank helped offset muted cues from global markets.

In the Nifty index, Wipro (up 1.68 per cent), Bank of Baroda (up 1.48 per cent), YES Bank (up 1.48 per cent), Reliance Industries (up 1.25 per cent), Hero MotoCorp (up 1.14 per cent) and Bharat Petroleum Corporation (up 0.98 per cent) figured among top gainers.

On the currency front, the rupee strengthened by nine paise to 64.34-35 to a U.S. dollar from its previous close at 64.43-44.

Among the BSE stocks, Wipro rose by 1.66 per cent to Rs 291.15.

  • Darren Santiago