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Sensex, Nifty at record high as financials gain

Reuters BENGALURU | Updated on February 16, 2021 Published on February 16, 2021

Kotak Mahindra Bank and HDFC Bank were the top boosts to the Nifty 50.

Indian shares hit a record high on Tuesday, powered by gains in financial stocks as optimism about a swift global economic recovery boosted investor sentiment globally.

The NSE Nifty 50 index was up 0.69% at 15,420.45 by0400 GMT, while the S&P BSE Sensex was 0.61% higher at52,473.10. Both indexes hit record highs.

Kotak Mahindra Bank and HDFC Bank were the top boosts to the Nifty 50.

 

Separately, the Nifty PSU bank index that tracks state-run lenders jumped 2.82% after Reuters reported that the government had shortlisted four banks for potential privatisation.

Adding to optimism about a revival in growth was a S&P report that said India's economy was on track for a recovery in2021/22.

Other Asian stock markets were also trading higher, putting world equities on course to extend their bull run for a 12th consecutive session.

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Published on February 16, 2021
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