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The equity benchmarks further extended gains and hit record high levels in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, jumped 426.29 points or 0.83% to 51,775.06. The Nifty 50 index spurted 124.70 points or 0.82% to 15,240.50.
The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Both the indices have gained over 11% in seven straight sessions.
The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.37%. The S&P BSE Small-Cap index gained 0.33%.
The market breadth was negative. On the BSE, 1419 shares rose and 1482 shares fell. A total of 174 shares were unchanged.
Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30.
The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions.
Mahindra & Mahindra (down 3.04%), ITC (down 1.76%), Bajaj Finance (down 1.59%), TCS (down 1.10%) and Hindustan Unilever (down 0.93%) offset gains in Asian Paints (up 3.70%), Larsen & Toubro (up 0.83%), ICICI Bank (up 0.66%), HDFC Bank (up 0.45%) and HDFC (up 0.33%).
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