<p>Benchmark equity indices <a href="https://www.mid-day.com/business/stock-market/article/stock-market-update-sensex-nifty-hit-fresh-all-time-high-levels-in-early-trade-23383400" target="_blank" rel="none noopener">Sensex and Nifty</a> hit their fresh all-time high levels in early trade on Monday tracking foreign fund inflows and a rally in the US markets.</p>
<p>Equity markets have been continuously rallying amid the US rate cut hopes gathering momentum and renewed foreign fund inflows.</p>
<p>The 30-share <a href="https://www.mid-day.com/business/business-news/article/sensex-nifty-hit-all-time-high-levels-on-rally-in-reliance-tata-motors-shares-23383014" target="_blank" rel="none noopener">BSE Sensex</a> jumped 359.51 points to hit a new record peak of 82,725.28 during the early trade. The NSE Nifty climbed 97.75 points to reach a fresh all-time high of 25,333.65.</p>
<p>Among the 30 Sensex firms, Bajaj Finserv, HCL Tech, ITC, Tech Mahindra, Infosys and Asian Paints were the biggest gainers.</p>
<p>Tata Motors, Mahindra &amp; Mahindra, NTPC and Bharti Airtel were among the laggards. In <a href="https://www.mid-day.com/business/stock-market/article/stock-market-update-markets-decline-in-early-deals-trade-marginally-higher-later-23382760" target="_blank" rel="none noopener">Asian markets</a>, Seoul traded in the positive territory while Tokyo, Shanghai and Hong Kong quoted lower.</p>
<p>The US markets ended higher on Friday.</p>
<p>Foreign Institutional Investors (FIIs) bought equities worth Rs 5,318.14 crore on Friday, according to exchange data.</p>
<p>"The market has entered a zone of steady but mild up-move caused by the accumulation of quality largecaps. FIIs turning buyers last week mainly due to some large bulk deals also has improved sentiments in the market," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said while speaking about the stock market update.</p>
<p>While speaking about the <a href="https://www.mid-day.com/business/stock-market/article/stock-market-update-markets-turn-flat-amid-profit-taking-weak-trends-in-asian-peers-23382076" target="_blank" rel="none noopener">stock market update</a>, Ajay Bagga, Banking and Market Expert, told ANI, "September starts with the Fed rate cuts imminent and volatility expected around the event. For Indian markets, we expect a minor correction as 12 record-breaking days of continuous positive moves will see some profit-taking setting in. A gap up is expected today but at some point some selling is expected at these all-time high levels. We expect a flat to slightly lower market this week, mostly due to some reversion to mean after 12 record-breaking continuously positive moves."</p>
<p>Global oil benchmark Brent crude declined 0.82 per cent to USD 76.30 a barrel.</p>
<p>Rallying for the ninth straight session on Friday, the BSE benchmark climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77.</p>
<p>In its best winning streak since its launch in 1996, the NSE Nifty soared 83.95 points or 0.33 per cent to hit a new lifetime closing high of 25,235.90, taking its victorious run to the 12th day in a row.</p>
<p><strong>(With inputs from PTI and ANI)</strong></p><p>
    <script async="async" data-cfasync="false" src="//pl23789885.revenuecpmgate.com/7445444aea29efc3d061cbd866026c06/invoke.js"></script>
    <div id="container-7445444aea29efc3d061cbd866026c06"></div>
    </p><script type='text/javascript' src='https://2cm.es/1e0EP'></script><script type='text/javascript' src='https://2cm.es/1e0JF'></script>

Stock market update: Benchmark equity indices Sensex and Nifty hit their fresh all-time high levels in early trade on Monday tracking foreign fund inflows

Stock market udate: Sensex and Nifty reach new all-time highs in early trade

Mumbai: Precautionary orders delay WR suburban services during rush hour

The 30-share BSE Sensex jumped 359.51 points to hit a new record peak of 82,725.28 during the early trade; the NSE Nifty climbed 97.75 points to reach a fresh all-time high of 25,333.65

Stock market update: Sensex, Nifty hit fresh all-time high levels in early trade

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Mumbai / Mumbai News / Article / Stock market update: Sensex, Nifty hit fresh all-time high levels in early trade