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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Double-decker electric bus gutted in fire at Kurla BEST depot
Mumbai (PTI): An empty double-decker electric bus was gutted in a fire during servicing at a BEST depot in Mumbai's Kurla area on Sunday, officials said, adding that nobody was injured.
The blaze broke out inside the Kurla BEST bus depot near Kanakia Building at 4.14 pm, according to preliminary information from the Mumbai Fire Brigade.
The parked bus was unoccupied at the time of the incident.
Fire brigade personnel rushed to the spot and brought the blaze under control. The exact cause of the fire was yet to be ascertained, they said.
No injuries were reported in the incident, officials added.
The Brihanmumbai Electricity Supply and Transport (BEST) Undertaking has hired 50 electric double-decker buses from Switch Mobility in its fleet of around 2,700 buses.
