Mumbai, April 1: On the first day of the new financial year, the BSE benchmark Sensex crossed 39,000 for the first time, touching an all-time high in the morning trade on Monday. Previously, the all-time high was 38, 989 in August last year. At 10 am, Sensex was up 347.48 points or 0.90 per cent at 39020.39, and the Nifty up 88.80 points or 0.76 per cent at 11712.70.

Vedanta, JSW Steel, Tata Steel, UltraTech Cement, Adani Ports, Bharti Airtel, Bajaj Auto, Eicher Motors, M&M  are among major gainers on the indices. Cipla, HCPL, BPCL, IOC, ONGC and Zee Entertainment were among losers. The 30-share Sensex opened on a positive note at 38,858.88 and rose to a high of 38,960.28 in early deals. Similarly, the NSE Nifty started off on a high note at 11,665.20 and hit a high of 11,699.70 in opening deals. Johnson & Johnson Baby Shampoo Found Containing Cancer-Causing 'Harmful Ingredients' in Rajasthan.

The BSE Sensex had risen over 127 points to close at 38,672.91 on Friday — the last trading day of fiscal 2018-19 during which the benchmark posted a rise of 17.30 per cent. The broader NSE Nifty closed at 11,623.90, capping off the financial year with a gain of 14.93 per cent. Investors’ wealth zoomed Rs 8.83 lakh crore during 2018-19, with the market capitalisation (m-cap) of BSE-listed companies reaching Rs 1,51,08,711.01 crore.

In Asia, South Korea’s KOSPI rose 1 per cent, Japan’s Nikkei gained more than 2 per cent and Hong Kong’s Hang Seng Index climbed 1.62 per cent. China and the US gave signs of some progress in their last week’s discussions on the trade tariff tussle, with another round of talks scheduled to be held this week in Washington. (With PTI inputs)

(The above story first appeared on LatestLY on Apr 01, 2019 10:53 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).