INSUBCONTINENT EXCLUSIVE:
The SP BSE Sensex and NSE Nifty Indexes surged to record highs led by gains in HDFC, HDFC Bank, Reliance Industries, Tata Consultancy
Services, Infosys, Hindustan Unilever and Asian Paints
The Sensex surged as much as 540 points to record high of 40,254 and the NSE Nifty 50 Index climbed 159 points to hit an all-time high of
Investor sentiment got a boost after crude oil prices fell in international market
to 12,070.Global oil prices fell more than 1 per cent on Monday, extending losses of over 3 per cent from Friday, when crude markets slipped
to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown
Brent crude futures - the international benchmark for crude oil - were last seen trading 1.4 per cent at $61.12 a barrel.Brent crude oil
prices have dropped almost 20 per cent from their 2018-peak in late April.Nine of 11 sector gauges compiled by National Stock Exchange were
trading higher led by the Nifty Auto Index's 1.5 per cent gain
Metal, financial services, FMCG and IT Indexes also advanced between 0.6 and 1.15 per cent each.On the flipside, Media and PSU Bank sector
gauges were trading lower, down 0.8 and 0.5 per cent each respectively.Mid- and small-cap shares were witnessing a mild buying interest as
the Nifty Midcap 100 Index advanced 0.45 per cent and the Nifty Smallcap 100 Index rose 0.15 per cent.Hero MotoCorp was top gainer in the
Nifty 50 basket of shares, the stock rose 5.6 per cent to Rs 2,830
Bajaj Auto, Asian Paints, Bharti Infratel, Indian Oil, Tata Steel, HDFC, Sun Pharma, Yes Bank and Coal India were also among the gainers.On
the other hand, ONGC, GAIL, Eicher Motors, ITC, Tech Mahindra, Larsen Toubro, ICICI Bank, Bharti Infratel, Zee Entertainment and State Bank
of India were among the laggards.
