India's benchmark stock indices traded near their all-time highs till midday on Monday, with shares of NTPC Ltd. and Reliance Industries Ltd. contributing the most.
At 0:05 am, the Nifty 50 was trading 19.80 points, or 0.09%, higher at 22,398.20 after hitting a new record high of 22,440.90 at the open. The Sensex rose 46.34 points, or 0.06%, to 73,852.49, close to its all-time high of 73,994.70 hit on Saturday.
"After a lackluster month in February, we saw strong momentum in the last three days, and this setup looks strong and robust," said Sudeep Shah, assistant vice president and head of technical and derivatives research at SBICAP Securities.
Shah sees 22,150-22,200 as support for the Nifty and 22,550-22,660 as resistance. Your best picks among Nifty 50 stocks are ICICI Bank Ltd. and Titan Ltd.
