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.