Mumbai Sensex, Nifty hit new record highs in early trade
Mumbai, December 1: Equity benchmark indices Sensex and Nifty hit new all-time highs in early trade on Monday. Investor sentiment turned positive after India’s economy grew at a higher-than-expected 8.2% in July-September, the fastest pace in six quarters.
The 30-share BSE Sensex rose 452.35 points to 86,159.02, its record peak. The 50-share NSE Nifty climbed 122.85 points to a lifetime high of 26,325.80.
Among Sensex companies, Adani Ports, Bharat Electronics, Eternal, Tata Motors Passenger Vehicles, State Bank of India, and Kotak Mahindra Bank were the biggest gainers.
However, ITC, Bajaj Finance, Titan, and Tech Mahindra lagged behind.
India’s economy grew at a higher-than-expected 8.2% in July-September—the fastest pace in six quarters. This was because a pick-up in production ahead of a GST rate cut boosted consumption, helping mitigate the impact of heavy US tariffs.
Prashant Tapase, Senior VP (Research), Mehta Equities Limited, said, “India’s Q2 FY26 GDP print of 8.2% and broad-based sectoral strength are set to set a new record high for the Nifty.”
In Asian markets, Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng Index were trading in the positive zone, while South Korea’s Kospi and Japan’s Nikkei 225 indexes were trading lower.
US markets closed with gains on Friday.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 3,795.72 crore on Friday, while domestic institutional investors (DIIs) bought stocks worth Rs 4,148.48 crore.
