Indian equity markets at new peak, Nifty closes above 9,900 mark

Mumbai, India - Boosted by the onset of quarterly results and parliament’s monsoon session, the key Indian equity indices - the Sensex and the Nifty - edged up to close at a fresh high on Monday.

The wider Nifty of the National Stock Exchange (NSE) settled above the 9,900 mark to close at a new high of 9,915.95 points - up 29.6 points or 0.3 per cent from the previous session’s close - after touching a record high of 9,928.2 points intra-day.

The 30-scrip Sensitive Index (Sensex) of the BSE also closed at a new high of 32,074.78 points - up 54.03 points or 0.17 per cent, from its previous close at 32,020.75 points. It scaled a fresh intra-day high of 32,131.92 points.

Market observers opined that investors’ sentiments were uplifted by positive global cues and inflow of foreign funds.

In another development, the market capitalisation (m-cap) of Reliance Industries (RIL) crossed the R5tn mark for the first time.

The BSE mid-cap index inched up 0.07 per cent and the BSE small-cap index by 0.01 per cent.