The 30-share BSE Sensex pack jumped over 600 points to hit a record high of 74,869 and the broader NSE Nifty index moved more than 180 points to touch 22,697 level for the first time ever.
Nifty IT surged nearly 2%, led by HCL Tech, TCS, and Tech Mahindra despite the minutes of the Federal Reserve s latest policy meeting indicating most policymakers were concerned about the risk of cutting rates too soon. The market capitalisation of all listed companies on BSE increased by Rs 3.26 lakh crore to Rs 392.13 lakh crore.
​After breaking out of the fortnight-long consolidation phase in which the market traded in a narrow range of just 300 points, Nifty on Monday scaled the fresh peak of Mt 22,000 for the first time in history with analysts saying that the market is behaving like a mature adult bull rather than a young and raging one.