The 50-share NSE Nifty index breached the 8,000-mark for the first time ever in trade on Monday and BSE Sensex logged a new peak of 26,854.08 on the back of positive economic growth data for the April-June quarter.
India’s economy expanded at its fastest pace in more than two years in the April-June quarter. India’s GDP grew at 5.7 per cent in the first quarter of 2014-15, exceeding expectations.
Tracking the momentum, as much as 151 stocks rose to their fresh 52-week high on the Bombay Stock Exchange, which include names like BPCL, Godrej Consumer Products, IndusInd Bank, Tech Mahindra, Nestle India etc.
At 09:50 a.m.; BSE Sensex was trading 183 points higher at 26821.76. It hit a fresh record high 26828.88 and a low of 26732.39 in trade today.
The 50-share Nifty index also managed to surge over 50 points to hit its fresh record high of 8010.65, led by gains in NTPC, Coal India, Hindalco, L&T and SBI. As much as 65 stocks rose to their fresh 52-week high on the National Stock Exchange.
The S&P BSE BSE Midcap index was trading 1 per cent higher at 9391.81 and as much 9 stocks rose to their fresh 52-week high which include names like Arvind, Blue Dart, EIH, Kajaria Ceramics, Lakshmi Machine, NatcoPharma, PVR and Volats.
The S&P BSE Small-cap index was also trading nearly 1 per cent higher at 10,365, and as much as 26 points rose to their fresh 52-week high, which include names like SRF, Shanthi Gears, PC Jeweller, Ricoh India Ltd, Kolte-Patil, DCM shriram Ltd etc.