Asian shares were also up, with Japan’s Nikkei rising more than 1 percent to a near two-year high, tracking gains in US hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.
Closer home, the benchmark BSE Sensex jumped 0.8 percent to hit a fresh record high on Monday and the broader Nifty index gained 0.7 percent, while the rupee ended flat at 64.43 against the dollar.
Major gainers in the 30-share index were Tata Steel (3.43%), Adani Ports and Special Economic Zone (3.05%), Axis Bank (1.94%), Larsen & Toubro (1.59%), Reliance Industries (1.53%), and Tata Consultancy Services (1.44%). On the other hand, realty index was down 0.2 per cent, banking and PSU 0.03 per cent each.
The Bombay Stock Exchange (BSE) on 19 June 2017 opened at a positive note with the sensex crossing the 100-point mark and Nifty capped at 9622.80 points. Meanwhile, Nifty rose by 69.50 points or 0.72 per cent to close at 9,657.55 points on Monday.
The dollar firmed up and U.S. Treasury yields rose after a top Federal Reserve official emphasized the central bank’s plan to normalize monetary policy.
Buoyed by the same factors, Sensex had also closed at a new high of 31,311.57 points – up 255.17 points or 0.82 per cent from its previous close on Friday last week.
Japan’s Nikkei was up 1.10%, Hong Kong’s Hang Seng index rose 0.40% in morning trade and Shanghai composite inched up 0.04%.
U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs on hopes of strong economic growth.