Stocks close at record high, Nifty nears 10000

The Major gainers on the benchmark Sensex were Wipro, Reliance Industries, Hero Moto Corp, SBI, Lupin

It was a good start to the week as the Nifty closed few points away from its historic level of 10,000, up 51.15 points at 9,966.40.

India's benchmark index Sensex hit a record high on Monday, led by blue-chip Reliance Industries after the petrochemicals-to-retail conglomerate reported a better-than- expected quarterly earnings and announced a low-priced, 4G-enabled phone. "The gains in the Nifty were supported by impressive gains in index pivotals HDFC Bank, RIL, ITC and Infosys", Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS. Sensex opened at 0.17 per cent higher than closing points on Friday.

Buying in heavyweights of energy, FMCG, financials, IT and consumer durable sectors lifted the key indices on better than expected financial results, brokers said.

At 12.50 p.m., the wider Nifty of the National Stock Exchange (NSE) traded 52.60 points, or 0.53 per cent higher at 9,967.85 points.

The S&P BSE Sensex rose 0.68 percent to 32,245 while the broader NSE Nifty advanced 0.52 percent to 9,966. The energy and IT sub-indices of NSE were up almost 0.5 per cent each.

Among major gainers, Reliance rose by 2.21 pct, Wipro by 1.96 pct, ITC by 1.80 pct, ICICI Bank by 1.48 pct and NTPC by 1.19 pct.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 366.84 crore, while domestic institutional investors (DIIs) bought stocks worth Rs 668.87 crore.

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