The Indian equities extended gaining momentum for the third day on Monday, with benchmarks Sensex and Nifty closing at fresh high, helped by strong buying across FMCG, auto and consumer durables stocks, tracking muted cues from Asian markets after the latest ballistic missile test by North Korea. However, hefty selling across broader markets, with MidCap and SmalCap falling between 1.03 per cent-1.53 per cent, restricted the upward movement. The market rally was supported by sustained fund inflows and buying in frontline bluchip such as HDFC, HUL, Cipla, ITC, Hero MotoCorp and Maruti Suzuki.
The 30-share barometer SENSEX closed at a new high of 31109.28, up by 81.07 points or by 0.26 per cent, and the NSE Nifty ended at 9604.9, up by 9.8 points or by 0.1 per cent.
In the choppy trade, Sensex touched an intraday high of 31214.39 and intraday low of 30869.9, while the NSE Nifty touched intraday high of 9637.75 and intraday low of 9547.7.
The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1598.80,+3.29%), Hindustan Unilever Ltd. (Rs. 1072.70,+3.07%), Power Grid Corporation of India Ltd. (Rs. 208.45,+2.76%), Cipla Ltd. (Rs. 504.15,+2.55%), ITC Ltd. (Rs. 316.00,+2.38%), among others.
On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 502.85,-11.56%), Adani Ports & Special Economic Zone Ltd. (Rs. 328.30,-5.38%), ICICI Bank Ltd. (Rs. 314.70,-2.16%), State Bank of India (Rs. 284.40,-1.40%), Infosys Ltd. (Rs. 985.30,-1.09%), were among the top losers on the BSE.
Among the sectors, FMCG and auto stocks emerged as top gainers, rising as much as 1.55 per cent and 0.33 per cent, respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3049, shares advanced were 956 while 1899 shares declined and 194 were unchanged.