NEW DELHI: India's benchmark stock indexes, the Sensex and Nifty 50, up by approximately 1% each, reached new record highs on Wednesday amid a rally in the US and European markets and fresh foreign fund inflowsAt 1:55 pm, the Nifty index witnessed a substantial 1.03% rise, reaching a record high of 19,011.25.
Simultaneously, the BSE Sensex climbed by 0.98% to hit a fresh all-time high of 64,037.10.
The Sensex had already hit a record high last week, while the midcap index and smallcap index hovered around fresh record and 52-week highs, respectively.Extending its previous day's rally, the 30-share BSE Sensex jumped 621.07 points to hit its all-time high of 64,037.10 during afternoon trade.
The NSE Nifty climbed 193.85 points to reach its lifetime peak of 19,011.25.From the Sensex pack, NTPC, Tata Motors, Titan, Larsen - Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers.
Wipro and Tech Mahindra were the laggards."Nifty made a new all-time high on June 28, triggered by buying from institutions and retail/HNI segments.
Improving US economic data and hints from China about fresh stimulus measures have helped improve sentiments," said Dhiraj Relli, MD - CEO, HDFC Securities Ltd.