Sensex, Nifty touch new record highs; banking stocks rise
Mumbai, Aug 6: Key equity indices - BSE Sensex and NSE Nifty50 -- touched fresh all-time highs on Monday, supported by healthy buying in banking, consumer durables and auto stocks.
Both the Sensex and Nifty50 hit their all-time highs of 37,801.78 points and 11,427.00 points respectively.
According to analysts, broadly positive global cues also supported the gains.
At 9.33 a.m. the wider Nifty50 on the National Stock Exchange traded 11,421.00 points, higher by 60.20 points or 0.53 per cent from its previous close.
The BSE Sensex which had opened at 37,714.70 points, traded at 37,789.52 points (9.35 a.m.) - higher by 233.36 points or 0.62 per cent -- from its previous close of 37,556.16 points. It touched an intra-day low of 37699.37 points so far.
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7 persons killed as car collides with trailer truck in Gujarat's Sabarkantha
Sabarkantha (Gujarat) (PTI): Seven men were killed and one was grievously injured when a speeding car rammed into a trailer truck on a highway near Himatnagar in Gujarat's Sabarkantha district early Wednesday morning, police said.
Due to the impact of the crash, the car was badly mangled and the bodies were retrieved after hectic efforts, they said. Rescue teams had to use a gas-cutter to remove the car scrap to pull out the bodies, an official said.
The accident occurred on a national highway connecting Udaipur (in Rajasthan) to Ahmedabad (Gujarat) at around 6.30 am, according to police.
"Seven car occupants were killed in the accident," Superintendent of Police Vijay Patel said.
"The car was carrying eight persons to Ahmedabad when it hit the trailer truck from behind while it was going ahead on the national highway," a Himatnagar police official said.
One passenger was grievously injured and rushed to a civil hospital for treatment, he said.
All the deceased were men, hailing from Ahmedabad. Their identities were being confirmed, the official said.
