Share Market on Monday: MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03%.
The stock markets hit fresh lifetime highs on Monday as both the key equity benchmarks hit new record highs in early trade. The S&P BSE Sensex opened at 37,491.39 while the broader Nifty50 at 11,296.65. Within the first few minutes, Nifty breached the 11,300 level for the first time ever. At 9:22 am, the Sensex traded at 37,408.33, up 71.48 points or 0.19 per cent and the Nifty50 was at 11,302.35, with a gain of 24 points or 0.21 per cent.Asian share markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.
Technology and energy shares led Japan’s Nikkei down 0.4 per cent in early trade, while tech also featured in South Korea’s 0.2 per cent decline, stated a report by news agency Reuters.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03 per cent.
On Friday, stock markets had posted record closing highs as the Sensex ended up 0.95 per cent at 37,336.85 after hitting a record high for a fourth straight session while NSE Nifty settled 0.99 per cent higher at 11,278.35 after hitting an all-time high of 11,283.40.
According to provisional data from the National Stock Exchange, on Friday, foreign portfolio investors bought net equities worth Rs 738.05 crore while domestic institutional investors purchased net shares of Rs 406.12 crore. (With Reuters Inputs)