Market mood continues to be cheerful amid positive global sentiment spurring Indian indices to record high. Sensex in trade on October 19 has scaled a new peak of 62159.29, while Nifty has climbed to 18,604 mark. Broader markets too continue to be on a run.
The immense liquidity, government support policies as well as FII buying on an unabated way has helped the market in gaining such high levels. Moreover some analysts view that even the concerns around high valuations have been eclipsed given the overall market sentiment.
Within the Nifty sectoral indices, apart from the FMCG and realty index all other indices have been trading in the green, with most strength today in the IT pack. 4 of the constituents from the space including L&T Infotech, Mphasis, Coforge and Infosys have hit fresh 52-week high.
RIL stock has hit again a fresh high of Rs. 2745 helping the indices rally in trade.
Meanwhile, after the previous day's correction owing to weak China's data, Hang Seng is the most robust in trade with gains over 1 percent.