Shares surged in early trade on Monday on the back of robust buying in banking, capital goods and realty stocks, triggered by BJP’s strong performance in the Assembly elections and firm Asian cues.
Both the key indices, S&P BSE Sensex and CNX Nifty, scaled all-time highs in morning trade.
The Sensex opened higher at 21,416.67 and shot up further to an all-time peak of 21,483.74 before quoting at 21,376.57 at 1030 hrs (IST), showing a sharp gain of 380.04 points from its last weekend’s level.
The 50-share Nifty hit a lifetime high of 6,415.25 before quoting at 6,373.95, showing a gain of 114.05.
Major gainers were ICICI Bank (5.11 per cent), L&T (3.83 per cent), ONGC (3.39 per cent), HDFC Bank (3.33 per cent), SSTL (2.96 per cent), Tata Power (2.61 per cent), SBI (2.27 per cent) and Bharti Airtel (2.33 per cent).
Asian stocks climbed in early trade on better than estimated data on US jobs and Chinese exports.
Key benchmark indices in Taiwan, South Korea, Singapore, Japan and Hong Kong rose between 0.02 and 1.84 per cent.
However, China’s Shanghai Composite fell 0.09 per cent.