Mumbai: Equity Benchmark Sensex surged over 200 points to scale a new intra-day record in early trade on Wednesday, tracking gains in the index majors HDFC, Reliance Industries and ICICI.
After touching a lifetime high of 56188.49 in the opening session, the 30-stock index was trading 211.23 points or 0.38 percent higher at 56.170.21.
Similarly, the broader NSE NIFTY rose 67.75 points or 0.41 percent to 16692.35.
Tata Steel is the top risers in the Sensex pack, up about 1 percent, followed by NTPC, L & T, HDFC, Nestle India, ICICI Bank and Bajaj Finserv.
On the other hand, Titan, Tech Mahindra, HCL Tech, Asian Paints and Dr Reddy were among lambengan.
In the previous session, the Sensex ended the 403.19 points or 0.73 percent higher at a lifetime peak of 55958.98, and the Nifty surged 128.15 points or 0.78 percent to 16624.60 highest of all time.
Foreign institutional investors (FIIs) were net sellers in the stock market because they lower shares worth Rs 1644.91 crore on Tuesday, according to the data exchange while.
“Resilience in global equities continued with the closure of the NASDAQ and the S & P 500 above the highest on record.
In India the momentum of the market and sectoral rotation took the index higher,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Jackson Hole Symposium and Comments on US Fed chief is expected on August 27, will be supervised by the global market.
If the Fed’s comments showed tapering earlier than expected, FII is likely to depress sales further.
Investors can wait and watch, he noted.
Elsewhere in Asia, workers in Hong Kong, Tokyo and Seoul trade red in the middle of the deal, while the Shanghai positive.
Meanwhile, the international oil benchmark Brent Crude fell 0.62 percent to $ 69.97 per barrel.