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Market Live: Sensex, Nifty hit all-time high

The market started off the week on a stronger note, with both equity benchmarks hitting record highs but there has been some problem with NSE rates.

The 30-share BSE Sensex was up 200.68 points at 31,561.31 on strong breadth. 

TCS, Tata Motors, Bharti Airtel, Lupin and Sun Pharma rallied more than 2 percent while HDFC was only loser.

Most Asian indexes were in positive territory as Chinese inflation data for June met market expectations. The Nikkei 225 advanced 0.83 percent and South Korea's benchmark Kospi index edged up 0.21 percent while the S&P/ASX 200 gained 0.56 percent.

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Market Live:INDIAN STOCK MARKET

Benchmark indices turned positive as the Sensex was up 6.03 points at 29,653.45.

The Nifty started trading above its record closing high, up 4.60 points at 9,178.35.

The market breadth was also positive as about 1154 shares advanced against 464 declining shares on the BSE.

The Indian rupee has opened on a flat note at 64.92 against the US dollar.

Ashutosh Raina of HDFC Bank says the continued year-end portfolio flows getting absorbed by the intervention bids, continue in the USD-INR pair, with the pair trading close to crucial 64.80-64.85 per dollar technical level.

He expects the pair to trade in the 64.75-65.15 per dollar range for the day.

NIFTY UPDATES

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