Sensex, Nifty End At Record Highs As Unlocking Process Begins

Reliance Industries, Tata Consultancy Services, ICICI Bank and Power Grid were top movers in the Sensex.

The 50-share National Stock Exchange - Nifty 50 index - surged to record high as investor sentiment was lifted after some states eased lockdowns and daily COVID-19 cases in the country hit a two-month low. The Nifty 50 index rose as much as 102 points to hit an all-time high of 15,773.45 and Sensex climbed as much as 279 points. Reliance Industries, Tata Consultancy Services, ICICI Bank and Power Grid were top movers in the Sensex. The Nifty advanced 81 points or 0.52 per cent to close at record high of 15,751.65 and Sensex climbed 228 points to settle at an all-time high of 52,328.51. Daily COVID-19 cases in India have seen a downward trend since early-May, with data over the weekend showing that fresh infections stayed below the 200,000-mark for over a week. On Monday, it reported 100,636 new cases, the lowest in two months. Seven of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty IT index's over 1 per cent gain. Nifty Media, Auto and private Bank indices also rose between 0.5-1 per cent.