Sensex Hits New Record High Of 35,614 Points, ONGC Shares Gain 5% After HPCL Deal

The stock market opened to a great start on Monday as the BSE Sensex hit an all-time high of 35,612.11 points, while the broader NSE Nifty soared to a new high of 10,906.85 in the morning trade.

A Rs 37,000 crore mega-deal with HPCL lifted the Oil and Natural Gas Corporation (ONGC) shares by 5%.

Gains were led by Reliance Industries and HDFC Bank.

At 11.59 a.m., the 30-share BSE index Sensex was up 91.51 points or 0.26% at 35,603.09.

Asian stocks were trading mixed as investors kept an eye on political developments in the United States after a government shutdown began last week.

However, the U.S. stocks on Friday finished higher, with both the S&P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the U.S. government shutdown.

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