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Updated December 20th, 2023 at 09:39 IST

Sensex, Nifty hit record highs led by gains in Reliance, HDFC Bank

Reliance Industries, Infosys, HDFC Bank, Tata Consultancy Services, ICICI Bank and Tech Mahindra were among the top movers in the Sensex.

Sensex
Sensex | Image:Republic
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The Indian equity benchmarks surged to record highs on Wednesday on the back of broad-based buying interest amid strong global cues. The Sensex rose as much as 431 points to hit record high of 71,868.17 and Nifty 50 index surged as much as 125 points to hit record high of 21,577.70. Reliance Industries, Infosys, HDFC Bank, Tata Consultancy Services, ICICI Bank and Tech Mahindra were among the top movers in the Sensex.

As of 9:21 am, the Sensex was up 378 points at 71,815 and Nifty 50 index climbed 106 points to 21,559.

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Asian markets were trading higher after China's central bank left its benchmark lending rates unchanged.

Japan's Nikkei rose 1.75 per cent, Hong Kong's Hang Seng climbed 0.96 per cent and South Korea's KOSPI advanced 1.18 per cent.

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Back home, buying was visible across the board as all 15 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's 1.35 per cent gain. Nifty FMCG, Media, Metal, Financial Services, Consumer Durables and Oil & Gas indices also rose 0.5-1.16 per cent.

Mid- and small-cap shares were also witnessing buying interest as Nifty Midcap 100 index rose 0.7 per cent and Nifty Smallcap 100 index advanced 0.84 per cent.

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LTI Mindtree was top Nifty gainer, the stock rose 1.73 per cent to Rs 6,218. Eicher Motors, Wipro, Reliance Industries, Tata Consumer Products, Infosys, Tech Mahindra, NTPC, TCS and IndusInd Bank also rose between 0.88-1.5 per cent.

On the flipside, Mahindra & Mahindra, Coal India, Maruti Suzuki, Sun Pharma and Cipla were among the notable losers.

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The overall market breadth was positive as 2,207 shares were advancing while 645 were declining on the BSE.

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Published December 20th, 2023 at 09:35 IST

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