No Monday Blues! Nifty50 hits fresh record high, Sensex surges 500 points

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Key Points

Indian equity indices opened higher for the third straight session on Monday, tracking Asian peers, after a moderation in a key U.S. inflation reading heightened hopes of a Federal Reserve rate cut in June...

Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 4.7 lakh crore to Rs 391.67 lakh crore...

RVNL shares opened 5% higher after the company's joint venture with Salasar Techno Engineering emerged as the lowest bidder for a project worth $7.2 million from Energy Development Corporation...

U.S. stock futures also pointed firmly higher following a market holiday on Friday, when the Federal Reserve released data showing their preferred inflation measure indicated price pressures are further easing, bolstering bets for a June interest rate cut...

Many markets are closed on Monday for Easter holidays, including Australia and Hong Kong in Asia, and the United Kingdom and Germany.. Foreign portfolio investors turned buyers in Indian equities after selling over the previous two financial years, while domestic mutual fund investors continued to purchase domestic equities for 36 months in a row...

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