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Sensex, Nifty surge to new highs; end at 37,691.89 and 11,387.10 respectively

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The 30-share BSE Sensex ended 135.73 points up at 37,691.89, on Monday while the Nifty 50 ended 26.30 points higher at 11,387.10 on global cues. HDFC AMC rose 65% on debut.

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The two benchmark indices touched a new high led by banking stocks. In intraday trade, Sensex surged 249.09 points to a new high of 37,805.25 and the Nifty 50 jumped 66.85 points to a fresh record high of 11,427.65.

The rupee strengthened marginally against the US dollar, tracking gains in local equity market and Asian currencies.

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