The IT index jumped nearly 2% on positive sentiment after TCS’ Q3 earnings beat the expectations of analysts.
The 30-share BSE index scaled an intra-day high of 49,252 in early trade, while the broader NSE Nifty was trading above 14,400.
Top gainers in the Sensex pack included Infosys, HCL Tech, TCS, Bharti Airtel, Tech Mahindra and M&M with their shares rising as much as 3.45 per cent.
The TCS share price jumped 3.5 per cent to hit a fresh 52-week high of Rs 3,230 apiece on BSE on Monday. The IT major reported 7.17 per cent on-year rise in the consolidated net profit to Rs 8,727 crore, as compared to Rs 7,504 crore in the July-September quarter. Nifty IT index too topped 26,800 points, rising 2.5 per cent in the opening deals.
Domestic markets continued their record-setting run riding on positive global trends, news on the Covid-19 vaccine front and economic recovery optimism. According to experts, the focus of the market has shifted to third quarter earnings.
Meanwhile, the rupee depreciated 24 paise to 73.48 against the US dollar in opening trade on Monday, tracking a rebound in the American currency even as domestic equities were trading with significant gains.
At the interbank forex market, the domestic unit opened at 73.47 against the US dollar and fell to 73.48 against the greenback, registering a decline of 24 paise over its previous close. On Friday, the rupee had settled at 73.24 against the American currency.