Most other Asian markets edged higher after the Dow Jones Industrial Average and the S&P 500 Index closed at record highs on Friday following soft USA inflation and retail sales data that pushed back bets of Federal Reserve rate increases.
The Sensex has so far touched a high of 32,131.92 points and a low of 32,053.98 points during intra-day trade.
On the sectoral front, barring the Nifty FMCG index, which lost 1.70 per cent, all indices ended in green.
Shares of the company gained 3.12% to settle at Rs267.60 on BSE.
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Losers wer Coal India, ITC, Axis Bank and Hindustan Unilever, down between 0.5 percent to 2.5 percent. Nifty50 was 32 points up at 9,918.70. The stock rallied as much as 1.76 percent intraday to hit a high of Rs 1,558, the highest level since January 17, 2008. In the early morning trade, BSE Sensex saw Wipro climbing 2.18 per cent to Rs 265.15, followed by Sun Pharma, Infosys and Cipla 1.17 per cent, 1.10 per cent and 0.93 per cent, respectively.
In Asian markets, Chinese blue-chips recouped steep early losses after data showed the world's second-largest economy grew at a slightly faster than expected pace of 6.9 per cent in the second quarter, thanks to robust industrial output, retail sales and exports.
The gains on indices were seen ahead of kickstart on monsoon session later in the day. The Nifty 50 was trading 21.80 points, or 0.22 per cent, higher at 9,908.15.
The Sensex was up around 100 points, hitting a fresh high of 32,128.Nifty also rose to new high of 9,920.Among IT stocks, Infosys, Tech Mahindra and Wipro rose 1-2 per cent. Gains in banking stocks such as Kotak Mahindra Bank (+1%) and ICICI Bank (1%) also supported the upmove.