Sensex, Nifty Hover Near Record Highs Led By Auto, Metal Shares

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The S&P BSE Sensex and NSE Nifty 50 indexes were hovering near record highs in afternoon trading on the back of a broad-based buying interest paced by gains in auto, metal, financial services and banking shares. The benchmarks staged a gap up opening and held on the gains wherein the Sensex rose as much as 741 points to hit record high of 51,472.68 and Nifty 50 index touched an all-time high of 15,133. Reliance Industries, ICICI Bank Infosys, HDFC Bank, Larsen & Toubro and Mahindra & Mahindra were among the top movers in the Sensex.

As of 1:44 pm, the Sensex rose 643 points to 51,374 and Nifty 50 index climbed 182 points to 15,106.

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index’s 2.5 per cent gain. Nifty Metal, Media, IT, Bank, Financial Service and Realty indexes also rose between 1-2 per cent.

On the other hand, PSU Bank and FMCG indexes were trading with a negative bias.

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