India's Sensex climbs 200 points; Telecom shares lead rally

Nifty hits all-time high of 10191, Sensex gains 300 points as inflation holds

Nifty flies to record high, Airtel leads from the front

Mumbai: The BSE Sensex rose by 200.95 points to close at an all-time high of 32,633.64 as investor optimism climbed following encouraging comments from the International Monetary Fund chief.

Mumbai: India's benchmark Sensex and Nifty indices on Monday hit an all-time high after better-than-expected macroeconomic data boosted investor confidence.

At 10.30 AM: Sensex was up by over 181 points or 0.56% at 32,614.58 while the wider Nifty was up by over 59 points or 0.58% at 10,226.85.

It broke its previous record closing of 10,167.45, hit on October 13.

The Nifty has soared by 24 per cent and the BSE Sensex by 22 per cent so far this year.

Almost 130 stocks rose to a fresh 52-week high on the BSE, in the opening trade of the Diwali week. "Broad market indices like mid-cap in the NSE has closed marginally higher (up 0.21 per cent) and in the BSE closed on a flat note (up 0.04 per cent)", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.

Domestic institutional investors (DIIs) bought shares worth a net Rs 1590.13 crore, as per provisional data. On the other hand, healthcare index was down 0.29 per cent, FMCG 0.25 per cent, capital goods and oil & gas 0.14 per cent each.

Among the top Sensex gainers: Bharti Airtel rose 5 percent, Mahindra and Mahindra added 3 percent, Hindustan Unilever gained 2.6 percent while Tata Motors advanced 2.9 percent.

After the announcement of its quarterly result on Thursday, India's largest software exporter Tata Consultancy Services (TCS) saw its shares rise as much as 2.4 percent to Rs 2,608.95, their highest since June.

Major Sensex losers were: Dr. Reddy's Lab, down 1.18 per cent at Rs 2,351.90; Mahindra and Mahindra, down 0.95 per cent at Rs 1,326.40; Sun Pharma, down 0.87 per cent at Rs 534.70; ITC, down 0.43 per cent at Rs 265.85; and Maruti Suzuki, down 0.41 per cent at Rs 7,872.20.

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