Sensex, Nifty at record high

Benchmark indices Sensex and Nifty on Thursday raced to close at lifetime high levels on the back of gains in index majors HDFC Bank, L&T and HCL Tech amid signs of recovery in earnings.

The 30-share BSE index rose by 254.75 points to close at its lifetime high of 53,158.85. It touched a record intra-day peak of 53,266.12.

The Nifty rose by 70.25 points to a record of 15,924.20. It hit a record intra-day peak of 15,952.35.

HCL Tech was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, Tech Mahindra, HDFC Bank, UltraTech Cement, ITC and Tata Steel.

“As global investors digest inflation data and the US Fed commentary, Dalal Street bulls were seen betting on economic recovery as IT stocks continue to power the indices to new highs,” said S Ranganathan, Head of Research at LKP Securities.

“Indian indices extended gains to all-time high supported by positive Asian market and rally in Reality, IT, Financials and Metals stocks, in anticipation of robust Q1 earnings & recovery in demand,” Vinod Nair, Head of Research at Geojit Financial Services.

Sensex Nifty at record high

HCL Technologies top gainer

The 30-share BSE index rose by 254.75 points to close at its lifetime high of 53,158.85. It touched a record intra-day peak of 53,266.12
The broader NSE Nifty rose by 70.25 points to a record of 15,924.20. It hit a record intra-day peak of 15,952.35
HCL Technologies was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, Tech Mahindra, HDFC Bank, UltraTech Cement, ITC and Tata Steel

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