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Indian equities climbed a new high on Monday, tracking positive global markets. The BSE Sensex closed at 31,715 for the first time, a gain of 355 points or 1.13 per cent. The National Stock Exchange’s (NSE’s) Nifty, which resumed trading at 12:30 pm after a technical glitch disrupted trade, settled at a fresh high of 9,771, up 105 points.
The rally was led by information technology (IT) stocks, which saw some short covering after the regulator on Friday banned holders of participatory notes from taking unhedged exposure in equities and said existing bets must be liquidated by 2020.
Asia traded with gains
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