Markets open at fresh highs, sensex jumps over 250 points to 49,778; Nifty above 14,600 – Times of India

NEW DELHI: Equity indices started on a positive note on Wednesday with the benchmark BSE sensex rising over 250 points, led by gains in bank and auto stocks.
The 30-share BSE sensex was trading 260 points or 0.53 per cent up at an all-time high of 49,778 at 9.40 am. While, the broader NSE scaled a fresh peak of 14,648.
Bharti Airtel, ONGC, NTPC, M&M, SBI and ICICI Bank were the top gainers in the sensex pack rising as much as 5.39 per cent.
While Titan, TCS, HCL Tech, Kotak Bank and Dr Reddy were the top losers falling up to 1.15 per cent.
Shares of Bharti Airtel rose 5% and was the biggest boost to the Nifty 50 index after the company said on Tuesday it was initiating process to revise foreign investment limit up to 100%.
A fall in vegetable prices helped retail inflation to ease in December to within the central bank’s 2 per cent to 6 per cent target range, although it is unlikely to cut the policy repo rate soon, economists said.
In the previous session, the 30-share index surged to finished at its new closing record of 49,517.11. While, the broader NSE Nifty advanced 78.70 points or 0.54 per cent to a fresh closing peak of 14,563.45. It scaled a record level of 14,590.65 during the session.

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