Sensex, Nifty touch record high; India-focused stocks rally

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Sensex-fallsThe benchmark S&P BSE Sensex surges 189 points to 21,999.22 in the morning trade on persistent buying mainly in banking, auto, refinery and FMCG sectors in view of sustained foreign capital inflows coupled with higher global cues.

The 30-share index Sensex resumed opened higher and firmed up further to 22,040.72 before quoting at 21,999.22 at 1000 hours, showing a gain of 189.42 points, or 0.87 per cent from its previous close.

The NSE 50-share Nifty also moved up by 57.45 points, or 0.88 per cent, to 6,561.65 at 1000 hours.
Major gainers were Maruti Suzuki 6.87 per cent, BHEL 2.48 per cent, SBI 2.29 per cent, M&M 2.14 percent, Gail India 1.63 per cent, Axis Bank 1.62 per cent, CIL 1.61 per cent, RIL 1.56 per cent and ONGC 1.49 per cent.

Foreign institutional investors (FIIs) bought shares worth a net Rs. 982.19 crore on last Friday as per provisional data from the stock exchanges.

Asian stocks rose in their early trade as an improvement in US factory output boosted optimism in the world’s biggest economy.

Key benchmark indices in South Korea, Taiwan, Hong Kong, Japan and Singapore rose 0.1 per cent to 1.08 per cent while indices in China and Indonesia fell 0.1 per cent to 0.62 per cent.