Sensex Zooms 500 Points To Hit A Record High Of 52,000 Mark

Sensex soared 524.61 points and crossed 52,000 mark while Nifty was up by 138.80 points touching 15,300 on Monday.

Image: Bombay Stock Exchange

Mumbai: The BSE Sensex on Monday breached the 52,000 mark as it was trading up 500 points on the back of firm global cues.

The broader Nifty50 index was testing 15,300, pushing the Indian markets to a fresh lifetime high.

Asian shares advanced to record highs on Monday and oil rose to a more than one year peak after successful COVID-19 vaccine rollouts globally, raising hopes of a rapid economic recovery amid new fiscal aid from US government.

IndusInd Bank was the top Sensex gainer, up 2% followed by Kotak Mahindra Bank, ICICI Bank, HDFC Bank, and Bharti Airtel.

In today’s upbeat trade, ICICI Bank, Housing Development Finance Corporation (HDFC), IRFC stocks touched new 52-week highs.

The Nifty sectoral indices were all in green, led by the Nifty Private Bank index, up 1.7%

In the broader markets, the S&P BSE MidCap and SmallCap indices were also up.

Japan's Nikkei climbed 1.3%, while Australia's benchmark index was up 1%.

On Friday, the S&P 500 and Nasdaq set record closing highs.