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BENGALURU, Sept.6 (Reuters) – Indian stocks closed at a record high for a third straight session on Monday, boosted by gains at heavyweight Reliance Industries (RELI.NS), as global sentiment was boosted by hope that the US central bank holds interest rates longer.
The blue chip NSE Nifty 50 (.NSEI) closed up 0.31% to a record high of 17,377.80, while the benchmark S&P BSE Sensex (.BSESN) rose 0 , 29% to 58,296.91, its highest ever closing level. Both indices posted gains for three consecutive sessions.
A holiday in the United States kept trading volumes low, but the MSCI All Country World Index (.MIWD00000PUS) gained 0.2% after a weaker-than-expected US jobs report in August prompted a bet that the Federal Reserve would not scale back its bond buying program in the near future. and maintain interest rates longer.
In India, oil conglomerate Reliance Industries posted gains, rising 1.5% to Rs 2,425.60 after hitting a record high of Rs 2,477.40 earlier.
The company said on Friday that its unit had invested 3.93 billion rupees ($ 53.80 million) in Strand Life Sciences Pvt Ltd, while local media reported on Monday that it was preparing a 5.7 billion offer. dollars to acquire a controlling interest in T-Mobile Netherlands BV.
Among the sub-indices, the Nifty Realty (.NIFTYREAL) sub-index rose the most, closing up 3.16%, boosted by the 13.4% increase in real estate company Prestige Estates Projects (PREG.NS ).
Tech stocks also rose, with the Nifty IT Index (.NIFTYIT) up 1.5%, boosted by a 4.8% jump from Wipro (WIPR.NS).
Among the declines, bauxite miner Ashapura Minechem (ASHM.NS) closed 4.4% due to uncertainty surrounding operations in Guinea.
Reporting by Soumyajit Saha in Bengaluru; Editing by Rashmi Aich
Our Standards: Thomson Reuters Trust Principles.
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