Mumbai: The domestic stock market traded on firm footing as both the key equity benchmarks hit fresh highs on Monday. After opening above the crucial 11,500 mark for the first time ever, the Nifty hit a record high of 11,545.30. The S&P BSE Sensex also reached a fresh peak of 38,266.95.
The Sensex traded at 38,221.57, up 273.69 points or 0.72 per cent and the Nifty at 11,538.95, with a gain of 68.20 points or 0.59 per cent. The previous intra-day high of the Sensex was 38,076.23 and that of the Nifty was 11,493.25 registered on August 9.
Thirty-eight out of 50 Nifty stocks advanced in trade.
The top five Nifty gainers were Larsen & Toubro (up 4.32 per cent), ONGC (up 3.53 per cent), Coal India (up 2.45 per cent), Hindustan Petroleum (up 2.30 per cent), and Yes Bank (up 2.16 per cent).
Even in the 30-share Sensex pack, L&T, ONGC, Coal India and Yes Bank were among the top five gainers. L&T, HDFC, Reliance Industries contributed the most to Sensex's gains.
All sectoral indices barring the Nifty IT index traded with gains. Nifty Metal gained 1.32 per cent, Nifty Pharma 1.25 per cent and Nifty PSU Bank index 1.12 per cent.