The stock markets hit fresh lifetime highs on Monday as both the key equity benchmarks hit new record highs in early trade. The S&P BSE Sensex opened at 37,491.39 while the broader Nifty50 at 11,296.65. Within the first few minutes, Nifty breached the 11,300 level for the first time ever. At 9:22 am, the Sensex traded at 37,408.33, up 71.48 points or 0.19 per cent and the Nifty50 was at 11,302.35, with a gain of 24 points or 0.21 per cent. Until 10 am, the intraday high of the Sensex was registered at 37,496.80 while that of the Nifty at 11,309.35.