Bulls took Indian markets at a fresh lifetime high during Thursday's opening bell. A broad-based buying was witnessed across sectoral indices with auto, banking, consumer durables and IT stocks being top picks. Heavyweights like Bajaj twins and RIL were among top gainers contributing to the benchmarks record highs.
At around 9.34 am, Sensex was trading at 50,096.35 above 304.23 points or 0.61%. The index has earmarked a new all-time high of 50,126.73.
Nifty 50 traded at 14,734.25 surging by 89.55 points or 0.61%. The index has clocked a new 52-week high of 14,737.65.
Top gainers on Sensex included
Bajaj Finserv in the lead surging by 4% followed by its subsidiary
Bajaj Finance which also gained by over 3% after Q3 result announcement. Further, IndusInd Bank,
RIL and HCL Tech soared by nearly 2% each.
Other stocks like
Bajaj Auto, Ultratech Cement, Dr Reddy's and Tech Mahindra also advanced over 1% each.
Top underperformers on Sensex were - TCS,
HDFC and HDFC Bank down between 0.10-1%.
Except for metal stocks, all other sectoral indices were in the green. BSE Auto jumped by 205.47 points at 23,577.54, while BSE Bankex climbed by 222.35 points at 37,059.08. BSE Consumer Durables zoomed by 390.16 points at 31,415.71, BSE Capital at 20,372.75 was higher by 253.61 points and BSE IT which gained by 114.94 points at 26,681.17.
Companies that are set to announce their Q3 results today are - Asian Paints, Bajaj Auto, AAVAS Financiers, MCX India, SBI Cards and Payment Services, Bajaj Holdings & Investment, Bandhan Bank, Biocon, Cyient, Genus Power Infrastructures, Indo Count Industries, Indian Energy Exchange, IIFL Securities, JBF Industries, Jindal Steel & Power, JK Tyre & Industries, Kajaria Ceramics, Kirloskar Pneumatic, Man Industries, Mphasis, Music Broadcast, Reliance Power, Saregama India, South Indian Bank, SRF, Supreme Petrochem, Westlife Development, Zensar Technologies and Zicom Electronic Security Systems.
The domestic equities tracked positive Asian stocks on Tuesday following record-high gains on Wall Street overnight as investors hopes were stirred that the newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset the damages caused by Covid-19 pandemic.
Japan's Nikkei 225 was above 272 points or 1%, while Taiwan TSEC 50 Index topped 310 points or 2% at the current time.
Shanghai SE Composite Index surged by nearly 1,3%, while Australia ASX All Ordinaries and South Korea's KOSPI gained nearly 1% each. Hang Seng was trading marginally higher.