On Monday, investors’ optimism in the local markets helped equity benchmark indices extend their rally for the seventh straight day.
Buying in key indexes The winning streak in the stock market was also boosted by Reliance Industries and Tata Consultancy Services.
The 30-share BSE Sensex jumped 293.7 points to 66,892.61 in early trade. The Nifty advanced 95 points to 19,914.95.
Among the Sensex firms were major gainers are, HCL Technologies, Maruti, State Bank of India, Tata Consultancy Services, Tata Motors, Wipro, Nestle, Reliance Industries, Larsen & Toubro and UltraTech Cement.
IndusInd Bank and Bharti Airtel were the laggards.
In Asian markets, Shanghai quoted with gains while Seoul, Tokyo and Hong Kong traded lower.
On Friday the US markets ended in positive territory.
Global oil benchmark Brent crude declined 0.18 per cent to USD 90.49 a barrel.
The BSE benchmark had jumped 333.35 points or 0.50 per cent to finish at 66,598.91 on Friday. The broader Nifty advanced 92.90 points or 0.47 per cent to settle at 19,819.95.
“The G20 Delhi declaration and India’s diplomatic triumph can trigger continuation of the positive market mood and momentum,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
In the present favourable market mood, Nifty is likely to make another attempt at a record high trying to conquer the psychological mark of 20,000, Vijayakumar said adding that however, investors have to be cautious since fundamentals do not support a sustained rise above 20,000.
“The market is ignoring worries arising out of crude at USD 90 a barrel,” he added.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 224.22 crore on Friday.
