Sensex hits all-time highs on Reliance, Asian markets boost

Boosted by heavyweight Reliance Industries and firmer Asian markets, BSE Sensex recorded a lifetime high on Monday while NSE Nifty also registered a record high.

Indian shares hit record highs on Monday, boosted by heavyweight Reliance Industries and firmer Asian markets after a weak US jobs report raised hopes that the Federal Reserve could continue its massive economic support for a longer period. The blue-chip NSE Nifty 50 index was up 0.44 per cent at 17,399.75 by 0346 GMT and the benchmark S&P BSE Sensex climbed 0.46 per cent to 58,394.95. Both the indexes rose more than 3.50 per cent in their second straight week of gains last week.