The Indian market opened at new record highs tracking positive global cues after US President-elect Joe Biden was given the green signal to begin his White House transition. At around 09.36 am, Sensex was trading at 44,415.09 up 337.94 points or 0.77%. While Nifty 50 was performing at 13,020.40 higher by 93.95 points or 0.73%.
Sensex has touched a fresh 52-week high of 44430.41 and Nifty 50 an all-time high of 13,031.50 in early deals.
BSE Midcaps and BSE SmallCaps have gained by near 1% each.
On sectoral indices basis, power, banking, realty, auto, metal, capital goods, finance, healthcare and industrials were main drivers of the benchmarks.
Top gainers on Sensex were -
Maruti Suzuki (+2.55%), followed by HDFC Bank (+1.96%), HCL Tech (+1.82%),
Axis Bank (+1.81%) and ICICI Bank (+1.64%).
Top underperformers on the 30-scrip index, meanwhile, were -
Bajaj Auto, Ultratech Cement, Sun Pharma and Reliance Industries dropping marginally.
Stocks that will remain in focus today are - Coal India, Jubilant Industries, Muthoot Finance, GMR Infrastructure, Ingersoll Rand, banking stocks and Exide Industries.
Biden's formal transition to the White House is positive news for investors whose sentiments are already lifted by progress with Covid-19 vaccine development,
Japan's Nikkei 225 has surged by 723.54 points or 2.84%, while Australia ASX All Ordinaries and South Korea's KOSPI index has jumped by near 1%. Hong Kong's Hang Seng has recorded a marginal rise.
However, China's Shanghai SE Composite Index and Taiwan TSEC 50 Index witnessed a volatile session and were trading in red with marginal dip.