The 30-share BSE Sensex rose 293.7 points to 66,892.61 in early trade.
Mumbai:
Equity benchmark indices extended their rally for a seventh straight day on Monday as investors remained optimistic about domestic markets.
Buying in major indexes Reliance Industries and Tata Consultancy Services also added to the winning momentum in equities.
The 30-share BSE Sensex rose 293.7 points to 66,892.61 in early trade. The Nifty advanced 95 points to 19,914.95.
Among Sensex companies, HCL Technologies, Maruti, State Bank of India, Tata Consultancy Services, Tata Motors, Wipro, Nestle, Reliance Industries, Larsen & Toubro and UltraTech Cement were the biggest gainers.
IndusInd Bank and Bharti Airtel were the laggards.
In Asian markets, Shanghai posted gains, while Seoul, Tokyo and Hong Kong were lower.
The American stock markets closed in positive territory on Friday.
The global oil benchmark for Brent crude fell 0.18 percent to $90.49 per barrel.
The benchmark BSE was up 333.35 points or 0.50 per cent to end at 66,598.91 on Friday. The broader Nifty rose 92.90 points or 0.47 percent to settle at 19,819.95.
“The G20 statement in Delhi and India’s diplomatic triumph could see a continuation of the positive market sentiment and momentum,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
In the current favorable market mood, Nifty is likely to make another attempt at an all-time high in a bid to conquer the psychological barrier of 20,000, Mr. Vijayakumar said, adding that investors should, however, be cautious as the fundamentals have a sustainable cannot support increases above 20,000.
“The market is ignoring concerns arising from the crude oil price of $90 per barrel,” he added.
Foreign institutional investors (FIIs) sold shares worth Rs 224.22 crore on Friday, according to stock market data.
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