Sensex rises over 500 points to touch new record, Nifty reaches fresh all-time high led by financial
The benchmark equity indices on the BSE and National Stock Exchange (NSE) were trading over 1 per cent higher in the morning trade led by a rise in financial stocks and broad-based gains across sectors, as upbeat corporate earnings raised hopes of a faster economic recovery. A buoyant global market also aided investor sentiment.
So far in intraday trade, the S&P BSE Sensex had risen to an all-time high of 52,141.67 while the Nifty 50 touched a lifetime high of 15,321.30. At 10:58 am, the Sensex was trading at 52,117.10, rising 572.80 points (1.11 per cent) while the broader Nifty was up 149.60 points (0.99 per cent) at 15,312.90.
Gains in the BSE benchmark were led by Bajaj Finance, Axis Bank, Bajaj Finserv, Bharti Airtel, ICICI Bank and Kotak Mahindra Bank. On the other hand, Dr Reddy’s Laboratories along with IT majors – Tata Consultancy Services (TCS), HCL Technologies and Tech Mahindra were among the laggards.