Sensex, Nifty End At Record Highs Led By Gains In Metal Stocks

The Indian equity benchmarks closed at record highs on Wednesday paced by gains in metal, realty and financial services shares. For most part of the day, the benchmarks traded in a narrow range wherein the Sensex traded in band of 354 points and Nifty 50 index touched an intraday high of 15,891.70 and low of 15,779.70. However, late buying in heavyweights like HDFC, Tata Steel, Asian Paints, HDFC Bank, Bajaj Finance and ICICI Bank helped benchmarks close at all-time highs.

The Sensex advanced 194 points to close at record high of 53,055 and Nifty 50 index rose 61 points to close at an all-time high of 15,880.

Investors parsed through some early earnings data while awaiting details on an upcoming cabinet reshuffle of the central government.

Buying was visible across the board as all the 11 sector gauges, barring the index of media shares, ended higher led by the Nifty Metal index’s 2.4 per cent gain.