IT, Telecom stocks soar; Sensex, Nifty close at record all-time high

Amid some technical glitch at National Stock Exchange (NSE) the stock market on Monday ended at all-time record high ahead of June quarter earnings.

Better US jobs data and value buying in select index heavyweights helped the Sensex raise a record 405 points to close at a new peak of 31,715. On the other hand, Nifty also took a high jump of 105 points to end at record 9,771.

Information Technology (IT), telecom and technology stocks also surged. BSE IT index, BSE telecom index and BSE technology index rose by 2.88%, 4%, and 2.98%, respectively. BSE Sensex traded higher by 385 points, or 1.23%, to 31,746, while the Nifty 50 rose 97 points, or 1.01%, to 9,763.

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Earlier, some technical glitch due to unknown cause at the NSE disrupted trade on its platform for more than 3 hours and the trading resumed at 12:30 pm in the afternoon.

NSE apologised for the glitch saying it is examining the matter to identify the cause.