Indian stock market benchmark Bombay Stock Exchange Sensex and broader NSE Nifty 50 scaled fresh highs on the opening bell on Wednesday.
The market indices Nifty started near 16,000 and Sensex was trading above the 54,000 mark for the first time in history.
The BSE Sensex rises 474 points or0.88 per cent in the early morning trade to a fresh record high of 54,298 while the NSE Nifty climbed 124.25 points or 0.77 per cent to a record breaking high of 16,255.
Tata Steel and HDFC were the top gainers on Sensex, rising over 2 per cent each, followed by ICICI Bank, HDFC Bank, Reliance Industries, Infosys, Kotak Mahindra Bank and Dr Reddy’s laboratory were among the top gainers in the Sensex pack.
Bharti Airtel was down with over 1 per cent and is the worst Sensex performer followed by Nestle India, State Bank of India and Hindustan Unilever among other laggards.
Bank Nifty was up 0.70 per cent at 35,464 while India VIX was trading in losses. All broader markets were up in green.
While Asia shares, bourses in Shanghai, Hong Kong and Seoul were trading up with gains in mid-session deals, while Tokyo trading in losses. Stocks on Wall Street also ended with gains in overnight trade.