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Sensex and Nifty open at record highs but pare gains minutes later

The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened at their record highs on Wednesday but pared their early gains within the first half-hour of trade.

The S&P BSE Sensex climbed 433.67 points to hit a record high of 50,231.39, while the Nifty 50 on NSE touched a lifetime high of 14,754.90, rising by 107.05 points. However, minutes later both the indices gave up their gains and turned negative for a brief period before bouncing back to positive territory again.

At 9:49 am, the Sensex was at 49,998.02, up 200.30 points (0.40 per cent), while the Nifty was up 63.15 points (0.43 per cent) at 14,711.00.


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