Riding on the back of strong global markets and an early onset of monsoon, Sensexand Nifty hit fresh highs in early trade on Friday after a four day-consolidation.
The 30-share BSE Sensex was up 132.12 points, opening at 31,269.71 and the 50-share NSE Nifty rose 40.05 points to open at 9,656.15.
Soon enough, both indices reached fresh peaks. Sensex, breaching the 31,300-mark for the first time, reached 31,333 while Nifty notched up to 9,674.
Cadila Healthcare and Bharti Airtel’s shares surged by 4 and 3 per cent respectively. On the back of steady sales, most of the auto companies, led by Hero MotoCorp also featured among the gainers.
However, Bajaj Auto’s shares fell after disappointing sales figures in May. It was among major losers along with Tata Steel and Hindustan Unilever.
Meanwhile, rising for the third straight day, the rupee strengthened by 14 paise to 64.34 against the US dollar in early trade.
Source: Times Of India