Sensex Today | Share Market Live Updates: Sensex, Nifty likely to open lower

Sensex Today | Share Market Live Updates: Benchmark indices hit news highs on Friday as the Fed-driven rally continued. The Sensex crossed 71,000, hitting a record high of 71,606 during the day, while the Nifty50 hit an all-time high of 21,492 intraday. The Sensex closed at 71,484, up 970 points, and the Nifty at 21,457, up 274 points.

The indices also received a tremendous boost from IT stocks, with the Nifty IT index surging 4.5% on Friday after Thursday’s 3.5% gains. Overall the IT index gained 7.2% during the week, its best one in three years.

On Monday, Australian and Japanese equities fell in early trading while Hong Kong futures pointed to losses. US contracts edged higher after the S&P 500 ended a tad down while the tech-heavy Nasdaq 100 hit a record high. 

The dollar was mixed against major peers with Treasury yields extending gains after New York Fed President John Williams said it’s too early for officials to begin thinking about lowering borrowing costs.