Sensex hit new record highs

Nifty opened gap up and strengthened throughout the day to close near the day's high with gains of 213 points at 19,186 levels

Buoyancy in global markets and the advance of monsoon lifted Indian stock markets to new highs with the BSE Sensex surging by more than 800 points on Friday.

Domestic equities continued their northbound journey after a day’s break, supported by positive global data, healthy FII buying and strong progress in monsoon.

Nifty opened gap up and strengthened throughout the day to close near the day’s high with gains of 213 points (+1.1 per cent) at 19,186 levels. The broader market too participated in the rally with the Nifty midcap 100 at a fresh record high. All sectors ended in the green, except metals, said Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services.

Auto and IT stocks are in the limelight as the BSE Sensex closed at a record 64,718 points. The Sensex is well past the 64,000 mark and breaching new highs on strong global cues.

Among the Sensex stocks, M&M was the top performer gaining 4.1 per cent. Infosys jumped 3.2 per cent while Induslnd Bank was up 3 per cent. Sun Pharma gained 2.8 per cent, TCS up 2.6 per cent, Maruti up 2.5 per cent and L&T was up 2.2 per cent.