Despite the talks of economy slowdown, the Sensex touched an all time high on Monday.
The high is said to be on the back of better-than-expected macroeconomic data and it has surely boosted confidence of the investors.
The Sensex touched a record high of 32,687.32 points by gaining a massive 251 points.
The benchmark Nifty index too touched the life-time high of 10,242.95 amidst news that Indian rupee has strengthened against the US dollar.
India’s merchandise exports grew 25.7%, the fastest pace in six months in September to $28.60 billion, helping cut the trade deficit to a seven-month low to $8.90 billion, belying concerns that implementation of the goods and services tax (GST) from 1 July may blunt export competitiveness.
Traders are cautious ahead of the wholesale price inflation data due later 12.30pm for September month.
According to Bloomberg analysts’ poll, wholesale price index (WPI) inflation will be at 3.3% from 3.24% a month ago. Here are the latest updates from the market.>