Sensex closes at new life high of 31,109, Nifty ends above 9,600

Extending its record-breaking run for the third day, the benchmark Sensex on Monday surged to close at a new life high of 31,109 while the Nifty ended above 9,600 for the first time ever as ample liquidity pushed up buying.

Opening weak, the 30-share Sensex slid below the 31,000-mark on a string of weak quarterly earnings and hit a low of30,869.90, but quickly bounced to yet another lifetime high of 31,214.39.

It closed up 81.07 points, or 0.26 per cent, at a newpeak of 31,109.28, breaching its previous record closing of31,028.21, reached on May 26. It also went past previousintra-day record of 31,074.07 scaled on May 26.

During the session, the Sensex swung almost 345 pointsboth ways. The index has now risen by 807.64 points in threestraight sessions.

The broader 50-share NSE Nifty also maintained its bullrun and touched a new peak of 9,637.75 (intra-day).

It settled higher by 9.80 points, or 0.10  per cent, at a newpeak of 9,604.90, beating its previous record closing of9,595.10, recorded on Friday. 

It also broke the previous intra-day record of 9,604.90 reached on May 26.