BENGALURU, Dec 28 (Reuters) – Indian stocks hit a record on Monday Dependency industries and financial stocks rose, while investor sentiment remained bullish globally as US President Donald Trump approved a $ 2.3 trillion stimulus package that he had been threatening to veto.
The NSE Nifty 50 Index was up 0.7% at 13,844.75 as of 0347 GMT, while the S&P BSE Sensex was up 0.71% at 47,307.78. Both indices reached record levels.
Broader Asian stocks rose at the start of the final trading week of 2020, as a source said Donald Trump signed into law a pandemic aid and spending package, preventing a partial shutdown of the federal government in the United States. MKTS / GLOB
In Mumbai, all of Nifty’s major sub-indices were up in early trading.
HDFC Bank and Reliance Industries were the two main drivers of the Nifty 50.
The Nifty PSU banking index, which tracks India’s state lenders, rose more than 1% led by a 2% rise in Central Bank of India .
Shares of India’s most valuable company, Reliance Industries, rose 1.1%. Reliance said it would buy IMG Worldwide LLC from its sports management joint venture for about $ 7 million. = 73.5560 Indian rupees)
