Mumbai, July 10: Key Indian equities opened at record highs on Monday morning, at the back of positive cues from Asian markets. The Sensex (sensitive index) of the Bombay Stock Exchange (BSE) opened at 31,510.62 points. The wider 51-scrip Nifty of the National Stock Exchange (NSE) also rose above 9700 mark, after gaining 0.47 per cent in early morning trade.
The Nifty was trading at 9,711.05, up by 45.25 points or 0.47 per cent from the opening. Meanwhile, the BSE was trading at 31,497.12 points during the pre-opening session. Both the key indices touched record highs right after opening. Asian indices were trading positive at the back of expectations of Chinese inflation data for June met market. The Nikkei 225 also advanced on Monday.
Meanwhile, South Korea’s benchmark Kospi index also rose 0.21 per cent, even as S&P/ASX 200 gained by 0.56 per cent. In India markets, stocks of Tata Motors, Wipro, TCS, Bharti Airtel, Lupin and Sun Pharma rose by over 2 per cent each in the early morning session. The stocks of KEC International also rallied 4 per cent, due to orders worth Rs 1,845 crore. According to a report by Moneycontrol.com, the stock was trading at Rs 272.05, up Rs 5.25, or 1.97 percent on the BSE.
Lupin shares have been performing well in other global markets as well, on the back of successful launch of their conjunctivitis drug in the US. Meanwhile, shares of Biocon fell by over 9 per cent in intra day trade, after reports suggesting regulatory lapses at the Bengaluru facility of the company. The French National Agency for Medicines and Health Products Safety had examined the Bengaluru plant and found holes with respect to Good manufacturing practices or GMP, said moneycontrol.