Nifty touches new record high, Sensex up on Asian cues

The BSE Sensex recovered by over 157 points and the Nifty scaled a record high in early trade on widespread buying by investors and funds, triggered by a firm trend in Asian markets.

On the first trading day of the new quarter, the 30-share index rose 157.97 points, or 0.53%, to 29,778.47, with sectoral indices auto, bank, oil&gas, consumer durables and capital goods advancing by up to 0.71%.

Major gainers that supported the upmove were Reliance (4.23%), Gail (1.63%), L&T (1.10%), Tata Motors (0.70% and M&M (0.57%). Meanwhile, Infosys slipped by 0.53% on fresh differences between the founders and Board of the company.

The gauge had lost 26.92 points in the previous session. The NSE Nifty regained the 9,200-mark by rising 46.90 points, or 0.51%, to trade at record high of 9,220.65.

Brokers said fresh buying by investors and funds amid a firming trend in Asian markets as traders look ahead for the US job data release and a meeting between the American and Chinese presidents later in the week.

Hong Kong's Hang Seng index rose 0.44% and Japan's Nikkei was up 0.36% in early trade. Shanghai Composite remained closed today.

The US Dow Jones Industrial Average, however, ended 0.31% lower in Friday's trade. 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)