Sensex touches fresh all-time high of 31602.50

Sensex touches fresh all-time high of 31602.50”

After opening strong, the 30-share index rose further by 234.83 points, or 0.74 percent, to hit a new peak of 31,602.50, breaking its previous life-time high (intra-day) of 31,522.87 reached on June 22.

Top five Sensex gainers were TCS (+2.91%), Lupin (+2.31%), Tata Motors (+2.19%), Bharti Airtel (+2.16%) and Wipro (+1.97%), while the major losers were ITC (-0.51%), HUL (-0.43%), Tata Steel (-0.23%) and HDFC (-0.14%).

On Friday's' closing the markets saw biggest weekly gain since late May, with Sensex soaring 439.02 points to finish at 31,360.63, while broader Nifty snapped its three-week losing streak, garnering 144.90 points to close 9,665.80.

Global marketsMost Asian stock markets advanced Monday following Wall Street's gains ahead of quarterly earnings and testimony to the U.S. Congress by Federal Reserve chair Janet Yellen. AU Small Finance Bank on Monday made a stock market debut at 52% premium after its initial public offering (IPO) subscribed almost 29 times last week. The proposed merger between IDFC Ltd and Shriram Capital will not only be complex, but will also involve a painful transition, said analysts. Shriram Transport Finance fell 5 percent, Shriram City Union 4.7 percent while IDFC was down 3.2 percent. During the April-June quarter, the company retailed 1,37,463 units, up 3.5% from the same period of past year. The wider 51-scrip Nifty of the National Stock Exchange (NSE) also rose above 9700 mark, after gaining 0.47 per cent in early morning trade.

Care Ratings soared nearly 9 percent.

Biocon fell almost 5 percent after the French health regulator found lapses in quality compliance at its Bengaluru plant.

■ 9.15am: The rupee opened at 64.56 a dollar. Stocks rose helped by United States markets gains over the weekend.

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