Sensex, Nifty Extend Bull Run Despite Weak Global Cues

Indian shares rose on Monday and key benchmark indexes hit fresh record highs, despite weak cues from other Asian and European markets after data showed China's economic growth slowed further in the third quarter.

The benchmark BSE Sensex hit a record high of 61,963 before ending the session up 459.64 points, or 0.75 percent, at 61,765.59 amid sustained buying across the board.

The broader NSE Nifty index surged to a record high of 18,543 before settling at 18,477.05, up 138.50 points, or 0.76 percent, from its previous close.

IT and commodity-related stocks topped the gainers list, with JSW Steel, Tech Mahindra, Infosys and Hindalco rallying 3-5 percent. Tata Motors climbed 2.5 percent after launching the Punch in India.

PSU Banks saw another day of healthy gains, with Indian Bank, Bank of Baroda, Punjab National Bank and Union Bank of India adding 4-9 percent.

IRCTC jumped more than 9 percent as shares complete two years of listing.

On the losing side, Britannia Industries, Asian Paints, Dr Reddy's Laboratories, HCL Technologies and Mahindra & Mahindra fell 1-2 percent.

For comments and feedback contact: editorial@rttnews.com

Follow RTT