At close, BSE Sensex was trading 486.49 points higher at 65,205.05 and Nifty50 was trading 133.50 points up at 19,322.55
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New Delhi: Indian indices continued their winning streak on Monday amid strong global cues. Both Sensex and Nifty touched their respective lifetime highs for a third straight trading session. Sensex opened today at 64,836.16 (previous close: 64,718.56), touched an all-time high of 65,300.35; Nifty opened at 19,246.50 (previous close: 19,189.05), and touched an all-time high of 19,345.10 during the day’s trade.
At close, BSE Sensex was trading 486.49 points higher at 65,205.05 and Nifty50 was trading 133.50 points up at 19,322.55
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“The market’s record breaking momentum continued as the robust June GST collections, and the monsoon covering most part of the country in last few days brought cheers to investors. The rally has been mostly due to strong foreign fund inflows and India performing well on most of the economic parameters could further strengthen the fund flows in the near term,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd
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“Technically, the Nifty hovered between 19250 to 19335 price range, with the short term technical set up still in to the positive side. However, due to temporary overbought conditions we could see some profit booking at higher levels. For traders, 19250-19180 would be the key levels to watch out while 19400-19435 could act as a crucial resistance zone,” Mr Chouhan added.
