Benchmark index S&P BSE Sensex briefly hit a fresh record high during Wednesday’s intraday trade after gaining slightly 260 points to 63,588 points.
The index along with NSE Nifty Nifty 50 had been hovering close to the milestone for the past few trading sessions but faced resistance due to profit booking and weak global cues. However, strong buying activity and sustained foreign inflows finally provided a boost to Sensex, helping it achieve the milestone.
At around 10:46 am, Sensex traded 97.48 points higher at 63,425.18, indicating that investors rushed to book profits soon after the development.
While Sensex managed to briefly hit an all-time high, the 50-share Nifty is yet to achieve the feat as investors remain cautious. However, analysts are confident that the Nifty will soon follow suit, albeit with some resistance.
It may be noted that the Sensex hit its previous intraday record peak of 63,583.07 on December 1, 2022.
The top gainers on the Sensex pack were Power Grid Corporation, HDFC Bank, Wipro, HDFC, HUL and L&T, while Tech Mahindra, NTPC, Tata Motors, ICICI Bank and Asian Paints were among the laggards.
