M&M was the top gainer in the Sensex pack.
Equity benchmark Sensex rose 453 points to touch a new high of 60,737 on Wednesday, tracking gains in index heavyweights Reliance Industries, ITC and Infosys amid a positive trend in global markets.
After touching a record peak of 60,836.63 during the session, the 30-share Sensex ended 452.74 points or 0.75% higher at 60,737.05, marking a fifth consecutive day of victory. Similarly, Nifty rose 169.80 points or 0.94% to reach 18,161.75. It touched an intra-day record of 18,197.80.
M&M was the top gainer in the Sensex pack, rising over 5%, followed by PowerGrid, ITC, L&T, Tech Mahindra, Titan and Tata Steel.
On the other hand, Maruti, HUL, Nestle India, Axis Bank and SBI were among the laggards.
“Domestic stocks remained stable and benchmark Nifty and Sensex recorded fresh all-time highs amid mixed cues from global equities,” said Binod Modi, Head Strategy, Reliance Securities.
Continuing improvement in financials and Reliance Industries supported the broader indices. Tata Group’s shares were particularly focused on Tata Motors after the company announced a $1 billion investment from TPG in the electric vehicle division, which valued the EV business at $9.1 billion.
Elsewhere in Asia, shares in Shanghai and Seoul ended higher, while Tokyo was in the red.
Stock exchanges in Europe were also trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 0.54% to $82.97 a barrel.
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