In early trade on Monday, the Sensex rose more than 200 points, led by significant advances in index heavyweights HDFC Bank, ICICI Bank, and Reliance Industries, amid broadly bullish global markets.

Also Read| Trending Stocks: PVR, ZEE, Indiabulls, Biocon and others in news today

The 30-share Sensex dropped marginally after reaching a new record high of 60,339.28 but was still trading 245.62 points, or 0.41 percent higher, at 60,294.09. Likewise, the Nifty rose 69.90 points, or 0.39 percent, to 17,923.10.

Also Read| NSE F&O Ban: Zeel, Sail, IRCTC, PNB and others under ban today

Maruti Suzuki led the Sensex pack with a rise of more than 2%, followed by HDFC Bank, SBI, Bajaj Auto, M&M, Axis Bank, and IndusInd Bank. While Nestle India, Tech Mahindra, Dr. Reddy’s, and ITC, were among the losers.

Also Read| Tech talks at Quad: Is India prepared to replace China in manufacturing?

The 30-share index climbed 163.11 points, or 0.27 percent, to a new closing high of 60,048.47 in the previous session, while the Nifty increased 30.25 points, or 0.17 percent, to a record close of 17,853.20.

Also Read| Oyo to file for $ 1.2 billion IPO next week

According to exchange statistics, Foreign Institutional Investors (FIIs) were net purchasers in the capital market on Friday, purchasing shares worth Rs 442.49 crore.

Also Read| Zee Entertainment signs deal to merge with Sony Pictures

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the persistent bull run that began in April 2020 has pushed the Sensex above 60,000 and is now set to propel the Nifty to 18,000 today.

In other Asian markets, Shanghai’s bourse fell more than 1% in mid-session trade, while Tokyo, Seoul, and Hong Kong were all up.

Also Read| Evergrande crisis: Uday Kotak, Anand Mahindra recall India’s response to IL&FS debacle

Meanwhile, Brent crude, the international oil benchmark, climbed 1.18 percent to USD 78.14 per barrel. Indian rupee slips 5 paise to 73.73 against US dollar in opening deals.