Indian equity frontline indices opened at an all-time high on Monday following a rally in the US market.
At the starting of the session, both Sensex and Nifty made a new all-time high at 82,725 and 25,333 respectively.
At 9:43 a.m., Sensex was 246 points or 0.30 per cent at 82,612 and Nifty was 77 points or 0.31 per cent at 25,313.
In the early trade, Midcap and smallcap stocks traded flat against their largecap peers. Nifty midcap 100 index was down 45 points or 0.08 per cent at 59,234 and Nifty smallcap 100 index was up 19 points or 0.10 per cent at 19,326.
Sectoral gainers Among sector indices, IT, fin service, FMCG, energy, pvt bank, consumption and infra were the major gainers. PSU bank, pharma, metal and PSE were the major losers. Market Strategy According to market experts, "The market has entered a zone of steady but mild up-move caused by accumulation of quality largecaps. FIIs turning buyers last week mainly due to some large bulk deals also has improved sentiments in the market."
"If the market closes positive today, that would be a record for the Indian stock market as the Nifty would post a record 13-day winning spree. Sentiment-wise, this is positive," they added.
ITC, Asian Paints, HCL Tech, UltraTech Cement, Bajaj Finance, TCS, Infosys, Tech Mahindra, Maruti Suzuki, JSW Steel, Sun Pharma and Nestle are the top gainers in the Sensex pack; while Tata Motors, M&M, NTPC, Titan, ICICI Bank are the top losers.
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