<p>Rallying over 650 points, equity benchmark Sensex hit its record intra-day level in early trade on Monday, driven by broad-based gains amid massive foreign fund inflow and positive cues from global markets.</p>.<p>After touching its lifetime peak of 42,566.34 in the opening session, the 30-share BSE index was trading 627.21 points or 1.50 per cent higher at 42,520.27.</p>.<p>Similarly, the broader NSE Nifty too claimed a fresh high of 12,451.80. Later, it was trading with 178 points or 1.45 per cent gain at 12,441.55.</p>.<p>All Sensex components were trading in the positive territory. ICICI Bank was the top gainer, surging around 3 per cent, followed by Infosys, HCL Tech, Axis Bank, Bharti Airtel and Bajaj Finance.</p>.<p>In the previous session, Sensex ended 552.90 points or 1.34 per cent higher at 41,893.06, and the broader NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.</p>.<p>Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 4,869.87 crore on Friday, according to provisional exchange data.</p>.<p>"Trade set up in the domestic market looks to be strong on favourable global cues," said Arjun Yash Mahajan Head Institutional Business at Reliance Securities.</p>.<p>Financials have mainly supported the domestic market rally in last week mainly led by strong 2Q numbers, steady asset qualities and improving collection efficiencies, he added.</p>.<p>Wall Street notched its best weekly performance last week since April as key indices in the US registered weekly gains of 7-9 per cent, he said.</p>.<p>Democrat Joe Biden has defeated incumbent US President Donald Trump in the bitterly-fought presidential election.</p>.<p>Most market participants are hoping the Biden regime would spell good news for Indian companies, especially IT, and domestic financial markets.</p>.<p>Coming back to domestic factors, investors will also focus on industrial production and inflation data, scheduled to be announced on Thursday.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading up to 2.41 per cent higher in mid-session deals.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 2.66 per cent higher at $40.50 per barrel.</p>
<p>Rallying over 650 points, equity benchmark Sensex hit its record intra-day level in early trade on Monday, driven by broad-based gains amid massive foreign fund inflow and positive cues from global markets.</p>.<p>After touching its lifetime peak of 42,566.34 in the opening session, the 30-share BSE index was trading 627.21 points or 1.50 per cent higher at 42,520.27.</p>.<p>Similarly, the broader NSE Nifty too claimed a fresh high of 12,451.80. Later, it was trading with 178 points or 1.45 per cent gain at 12,441.55.</p>.<p>All Sensex components were trading in the positive territory. ICICI Bank was the top gainer, surging around 3 per cent, followed by Infosys, HCL Tech, Axis Bank, Bharti Airtel and Bajaj Finance.</p>.<p>In the previous session, Sensex ended 552.90 points or 1.34 per cent higher at 41,893.06, and the broader NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.</p>.<p>Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 4,869.87 crore on Friday, according to provisional exchange data.</p>.<p>"Trade set up in the domestic market looks to be strong on favourable global cues," said Arjun Yash Mahajan Head Institutional Business at Reliance Securities.</p>.<p>Financials have mainly supported the domestic market rally in last week mainly led by strong 2Q numbers, steady asset qualities and improving collection efficiencies, he added.</p>.<p>Wall Street notched its best weekly performance last week since April as key indices in the US registered weekly gains of 7-9 per cent, he said.</p>.<p>Democrat Joe Biden has defeated incumbent US President Donald Trump in the bitterly-fought presidential election.</p>.<p>Most market participants are hoping the Biden regime would spell good news for Indian companies, especially IT, and domestic financial markets.</p>.<p>Coming back to domestic factors, investors will also focus on industrial production and inflation data, scheduled to be announced on Thursday.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading up to 2.41 per cent higher in mid-session deals.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 2.66 per cent higher at $40.50 per barrel.</p>
