Following Strong GDP Data And Heavy Foreign Fund Inflow, Sensex Jumped Over 200 Points In Early Trade To Scale Fresh Record

Equity benchmark Sensex jumped over 200 points to scale a fresh record in early trade on Wednesday, following strong GDP data and heavy foreign fund inflow.

The broader NSE Nifty too surged to its lifetime high of 17,194.35. After touching a record high of 57,783.34, the 30-share index was trading 205.86 points or 0.36 per cent up at 57,758.25.

Similarly, the broader NSE Nifty advanced 56.55 points or 0.33 per cent to 17,188.75 in the opening session. Axis Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by Asian Paints, L&T, Bajaj Auto, IndusInd Bank, Nestle India and UltraTech Cement.

On the other hand, Tata Steel, HDFC, Maruti and Bajaj Finserv were among the laggards.

In the previous session, the BSE index ended 662.63 points or 1.16 per cent higher at its record close of 57,552.39, and Nifty soared 201.15 points or 1.19 per cent to an all-time closing peak of 17,132.20. Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 3,881.16 crore on Tuesday, as per provisional exchange data.