Dalal Street bulls dominate as Sensex, Nifty hit all-time highs

Equity benchmark indices on Wednesday gained momentum tracking positive global cues and a strong uptick in Adani Group stocks. Also, the Nifty 50 index opened at an all-time high where it rose 0.48% to 18,908.15, surpassing its previous all-time high of 18,887.30 in the early morning trade. Today's milestone comes after several sessions where the Nifty came within touching distance of achieving a record high.

The Nifty 50 was trading 149 points higher at 18,967.20, while the S&P BSE Sensex was up 474 points at 63,889.94 in the late morning trade, whereas the Sensex also hit a fresh record high today, it had already achieved the milestone twice last week. 

In addition, the Nifty Midcap 100 and Nifty Smallcap 100 were also closing in on their record highs.

On the sectoral front, all indices were trading in positive territory, reflecting the positive sentiments on Dalal Street with Nifty Metal leading the pack, with gains of over 1%. Nifty PSU Bank rose 0.60%. Financial, auto, FMCG, IT, media, realty, consumer durables and oil & gas sectors were also trading higher.

On the Nifty 50 pack, the top five gainers were Adani Enterprises, Adani Ports, JSW Steel, Tata Motors and SBI Life. On the other hand, the top losers were Hero MotoCorp, HDFC Life, Kotak Mahindra Bank, Apollo Hospital and Wipro.

Foreign institutional investors (FII) bought a net Rs 2,024 crore worth of Indian equities on Tuesday, while domestic investors (DII) sold Rs 1,991 crore of shares, as per provisional NSE data.

Source: Media reports