MUMBAI: The BSE benchmark sensex surged to a new high Monday.
The blue-chip NSE Nifty 50 index was up 0.44% at 17,399 and the benchmark S&P BSE sensex climbed 0.46% to 58,394.
Oil-to-telecoms conglomerate Reliance Industries Ltd and Hindalco Industries Ltd were among the top performers on the Nifty 50, gaining 2.4% and 1.8%, respectively.
The weak US jobs report, raising hopes that the US Federal Reserve could continue its massive economic support for a longer period, was the main driver of the surge.
The recent surge in the domestic stock market has been largely on the back of gradual easing of the lockdown and curfew measures, and improvement in economic activities.
India's GDP growth rate for the April-June quarter of FY22 was 20.1 per cent due to low base and accelerated economic activity. In 2020, the pandemic had battered the country's GDP, which had contracted by 24.4 per cent during Q1FY21.
(With inputs from agencies)
