India’s benchmark share indices ended at record-highs on Monday after the Economic Survey predicted that the Gross Domestic Product growth rate will recover to 7%-7.5% in 2018-’19. The BSE Sensex concluded at an all-time high of 36,283.25 after touching a record of 36,443.98.
The Nifty50 closed higher by 60.75 points at 11,130.40 after hitting a record high of 11,171.55.
The numbers were influenced by the survey that was tabled in the Parliament on Monday, as well as investor excitement over the Budget, which will be presented on Thursday. Mixed trends on other Asian markets and a high record on Wall Street also contributed to the rally.
Wipro, Asian Paints and Tata Motors led the winners on the Nifty 50, while Hindalco Industries, Vedanta, Reliance Industries and State Bank of India were among the major losers.
On the BSE Sensex, Maruti Suzuki, HDFC Bank and Tata Consultancy bagged the highest wins, while Dr Reddy’s Labs, Bharti Airtel, ITC, ONGC and Yes Bank took the worst hit.
The Indian rupee was at 63.54 to a dollar, marginally lower than the previous close of 63.55.
Last week, the Sensex had crossed 36,000 points and the Nifty 50 hit the 11,000 mark for the first time.
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