Sensex, Nifty Touch Record Highs Led By Auto, Metal Shares

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Domestic share markets started Thursday’s session at new record highs amid choppy trade continuing a record-breaking streak, as investors remained optimistic on COVID-19 vaccines and a fast global recovery. The S&P BSE Sensex index rose 145.91 points, or 0.31 per cent, to touch 46,812.37 at the strongest level recorded during the session, and the broader NSE Nifty 50 benchmark climbed as much as 0.31 per cent to 13,724.75 — both all-time highs. Gains in auto, metal and pharmaceutical shares supported the gains, however losses in consumer goods and IT shares limited the upside.

At 10:24 am, the Sensex traded 91.62 points, or 0.20 per cent, higher at 46,758.08 while the Nifty was up 29.50 points, or 0.22 per cent, at 13,712.20. 

Divi’s Laboratories, IndusInd Bank, Shree Cement, Sun Pharma and Dr Reddy’s Laboratories, trading between 1.23 per cent and 2.61 per cent higher, were the top gainers in the Nifty basket of 50 shares. 

On the other hand, Coal India, Larsen & Toubro, ITC, Adani Ports and Hindustan Unilever, down 0.73-0.96 per cent each, were the worst hit among 27 laggards in the index. 

Reliance Industries, HDFC, HDFC Bank and IndusInd Bank were the top contributors to the gain in Sensex. 

Overall market breadth favoured gains, as 1,296 shares on the BSE traded higher against 759 that succumbed to losses. 

Equity markets across Asia perched near record heights as monetary support and the hope of fiscal stimulus in the US put traders in a festive mood.

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