Benchmark indices Sensex and Nifty raced to fresh record highs on Wednesday as gains in financials, auto and IT shares helped markets extend their winning run for the sixth straight session.
After a volatile session, the 30-share BSE Sensex closed up by 133.14 points or .28 per cent at a record higher of 47,746.22. The barometer scaled its all-time intra-day higher of 47,807.85.
The broad-primarily based NSE Nifty rose by 49.35 points or .35 per cent to finish at its lifetime higher of 13,981.95. It touched all-time peak of 13,997 in intra-day trade.
Among significant Sensex movers, Ultratech Cement rose more than 4 per cent, Bajaj Finance by 2.63 per cent and Maruti by 2 per cent.
Mahindra and Mahindra, Tech Mahindra, HUL, Kotak Bank, HDFC Bank, Reliance Industries and Asian Paints also completed in the green.
After opening powerful, the stock indices gave up gains due to profit booking by investors. However, positive trends in the European stocks helped the indices rebound and finish at record levels.
European stocks sophisticated on Wednesday as the UK authorized the COVID-19 vaccine created by AstraZeneca and Oxford University.
Britain has authorized use of a second COVID-19 vaccine, becoming the initially nation to greenlight an uncomplicated-to-manage shot that its developers hope will come to be the “vaccine for the world”.
Asian shares had been mixed right after a lackluster day on Wall Street. Benchmarks fell in Tokyo and Sydney but rallied in Hong Kong, Seoul and Shanghai.
Japan’s Nikkei 225 fell .5 per cent, a day right after it surged more than 2 per cent to its highest level in more than 30 years. In Australia, the S&P/ASX 200 lost .3 per cent.
On the other hand, Hong Kong’s Hang Seng surged 1.6 per cent, the Shanghai Composite index sophisticated 1 per cent although South Korea’s Kospi jumped 1.9 per cent