Sensex, Nifty scale fresh peaks; Reliance Industries leads charge

Equity markets mustered solid gains to close at all-time highs on Monday as risk sentiment improved after multiple states began easing Covid-19 restrictions amid falling cases.

A sharp recovery in the rupee added to the momentum, even as lacklustre global cues capped the gains, traders said. After starting on a tepid note, the Sensex saw good buying in energy, IT and bank stocks in afternoon trade. It finally finished 228.46 points or 0.44 per cent higher at its new closing record of 52,328.51.

Similarly, the broader Nifty surged 81.40 points or 0.52 per cent to its all-time peak of 15,751.65.

PowerGrid topped the