The stock market witnessed a rally in early trade on Monday with both the Sensex and Nifty indices hitting new all-time highs. Sensex surged over 100 points to 32,135.91, a fresh all-time high, while the NSE benchmark Nifty added nearly 25 points scale a fresh high of 9,939.30 despite weakness across other Asian shares.
Gains in the markets were led by Reliance Industries and Wipro, which added nearly 1.2 per cent and 2 per cent respectively. The energy and IT sub-indices of NSE were up nearly 0.5 per cent each.
At 9:38 am, Sensex was up 84.75 points at 32,113.64 and the Nifty was trading 19.75 points higher at 9,935. Among Nifty stocks, Yes Bank was the top gainer, up 2.2 per cent, followed by Bank of Baroda, Wipro, Reliance Industries and Hero MotoCorp, which added between 1.1 per cent and 1.9 per cent. SBI, Lupin, Infosys and ACC also rose between 0.6 per cent and 0.9 per cent, supporting gains in the Nifty.
Meanwhile, Dr Reddy's Lab was the top loser in Nifty, down 2.08 per cent, followed by Vedanta, Asian Paints and Hindalco. Out of the 51 shares in Nifty, 23 were in red and 28 shares were in green.