Rising for the third session in a row, the Sensex hit a lifetime high of 32687.32 points. The 31-share index had last hit a lifetime high nearly 11 weeks back. The Nifty 50 hit a fresh lifetime high, crossing 10,200 points for the first time ever, led by gains in shares of Reliance Industries, supported by positive cues from global markets.
RIL shares hit a lifetime high as several brokerages raised target price for its shares following robust Q2 earnings. Shares of Bharti Airtel were the best performers on Nifty 50 after it signed a deal with Millicom to merge operations in Ghana.
IndusInd Bank shares were the worst performers on Nifty 50, down 1.3% on concerns over equity dilution after the bank finalised merger ratio with Bharat Financial Inclusion.
Inflation data wholesale price index (WPI) is expected today.
At 9:58 AM, the S&P BSE Sensex is trading at 32,612 up 176 points, while NSE Nifty is trading at 10,225 up 58 points. The BSE Mid-cap Index is trading up 0.59% at 16,062, whereas BSE Small-cap Index is trading up 0.71% at 17,046.
All sectoral indices on NSE were trading in green. The INDIA VIX is marginally up 0.48% at 11.32. Out of 1,958 stocks traded on the NSE, 601 declined, 1,158 advanced and 435 remained unchanged today.
A total of 35 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.