BSE Sensex and NSe’s Nifty 50 trade higher on Monday. Photo: Reuters
- Mumbai: BSE Sensex and NSE’s Nifty 50 surged to new record higher on Monday following strong cues from global markets. In Intraday trade, Sensex surged 249.09 points to a new high of 37,805.25 and the Nifty 50 jumped 66.85 points to a fresh record high of 11,427.65. The Indian rupee strengthened marginally against the US dollar, tracking gains in local equity market and Asian currencies. Asian stocks rose after China’s efforts to stop sharp declines in its currency and capital flight supported wider sentiment in the region, but trade tensions between US and China limited gains. Meanwhile, DIIs purchased equities worth Rs 87.08 crore on net basis on Friday, while FIIs sold shares worth Rs 5.87 crore, provisional data showed. Here are the latest updates from the markets: