Early Trading Sees Sensex Reach A Record High Of 63,588

Benchmark indices rose in early trade on Wednesday, with the BSE Sensex reaching a lifetime high of 63,588.31 on the back of buying in index heavyweights HDFC twins and Reliance Industries.

In early trade, the 30-share BSE Sensex surged 146 points to 63,473.70. The Nifty Nifty rose 37 points to 18,853.70.

Later, the BSE benchmark increased by 260.61 points to its all-time high of 63,588.31. After nearly seven months, the benchmark hit the milestone.

Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were among the top gainers on the Sensex.

Among the laggards were Tata Steel, NTPC, Tata Motors, ICICI Bank, and Asian Paints.

Tokyo was trading higher in Asian markets, while Seoul, Shanghai, and Hong Kong were trading lower.

The US stock market finished lower on Tuesday.

Brent crude rose 0.26 percent to USD 76.09 a barrel.

According to exchange data, foreign institutional investors (FIIs) sold stocks worth Rs. 1,942.62 crores on Tuesday.

On Tuesday, the 30-share BSE benchmark rose 159.40 points, or 0.25 percent, to 63,327.70. The Nifty rose 61.25 points, or 0.33 percent, to 18,816.70.

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