Nifty and Sensex opens at record High on Monday

Mumbai, 11/1: The Nifty and Sensex opened at an all-time high on Monday. Sensex crossed the 49,000 mark for the first time, whereas Nifty 50 crossed 14,400 points.

IT companies were the biggest gainers in the market. Companies like HCL, Infosys, and TCS earned big whereas Bajaj Finance and Axis Bank were among the losers.

The jump in the market is due to the positive global cues. The positive start enhances the chances of an economic recovery.