Equity benchmark Sensex rallied over 500 points to scale its fresh lifetime high in opening trade on Monday tracking gains in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid positive trend in global markets.
The 30-share BSE index was trading 515.40 points or 1 per cent higher at 52,059.70.
Similarly, the broader NSE Nifty was quoting 135.90 points or 0.90 per cent up at 15,299.20. It touched a record of 15,314.30 in early trade. IndusInd Bank was the top gainer in the Sensex pack, rising around 2 per cent, followed by Axis Bank, HDFC, ICICI Bank, HDFC Bank, Kotak Bank and SBI. On the other hand, ONGC, Tech Mahindra, NTPC, Sun Pharma and TCS were among the laggards.
In the previous session, Sensex settled 12.78 points or 0.02 per cent higher at its new closing record of 51,544.30, while Nifty slipped 10 points or 0.07 per cent to 15,163.30. Foreign portfolio investors (FPIs) were net sellers in the capital market as they offloaded shares worth Rs 37.33 crore on Friday, as per exchange data.