• Source:PTI
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Benchmark indices Sensex and Nifty hit record intraday highs on Monday, with cautious investors taking on FMCG and IT stocks ahead of the US Fed's key interest rate decision later this week. The 30-share BSE Sensex increased 23.12 points or 0.03 percent to end at 81,355.84 - its all-time high - with 16 components rising and 14 declining. U.S. bond yields climbed 575.71 points, or 0.70 percent, to a new intraday high of 81,908.43 points in early-morning deals after falling.

But investors opted to take profits at record highs amid high volatility that dragged down the index. The NSE Nifty rose marginally by 1.25 points or 0.01 percent to end at an all-time high of 24,836.10. The day rose 164.9 points, or 0.66 percent, to a fresh lifetime high of 24,999.75 points. Ultratech Cement, Bajaj Finserv, Larson & Toubro, Mahindra & Mahindra, State Bank of India, IndusInd Bank, Reliance Industries, and Sun Pharma were the biggest gainers from the Sensex pack.

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Titan,  ITC, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra, and HDFC Bank were the laggards. In the Asian market, Seoul, Tokyo, Shanghai, and Hong Kong settled in positive territory. The European markets traded on mixed notes. US markets rose on Friday.

Foreign institutional investors purchased equities worth Rs 2,546.38 crore on Friday, according to exchange data. Brent crude, the global benchmark, fell 0.31 percent to US$80.88 a barrel. The benchmark BSE jumped 1,292.92 points, or 1.62 percent, to 81,332.72 on Friday. The NSE Nifty climbed 428.75 points, or 1.76 percent, to an all-time high of 24,834.85.

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(With Agencies Input)