Monday's market opening: Nifty hits record high, Sensex rises 178 points

Starting off the week on a positive note, equity benchmark indices surged in early trading on Monday, with the Nifty reaching a new all-time high amidst a global market rally.

Optimistic investors' sentiment after impressive GDP data has propelled rally in the equity markets.

The 30-share BSE Sensex climbed 178 points to 73,984 in early trade. The Nifty hit its all-time high level of 22,440.

Among the Sensex firms, NTPC, Power Grid, Bharti Airtel, IndusInd Bank and Maruti were the biggest gainers. JSW Steel, Tata Steel, Titan and Mahindra & Mahindra were among the laggards.

In Asian markets, Seoul, Tokyo and Shanghai were trading in the green while Hong Kong quoted lower.

In a special trading session on Saturday, the BSE benchmark Sensex climbed 60.80 points or 0.08 per cent to reach its all-time closing high of 73,806.15. The Nifty went up by 39.65 points or 0.18 per cent to settle at a new closing high of 22,378.40.

Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.

Global oil benchmark Brent crude climbed 0.11 per cent to USD 83.64 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 81.87 crore on Saturday, according to exchange data.