SENSEX Hits Record High Today

On Wednesday India's key stock indices, Sensex and Nifty reached record highs in early trading driven by anticipation of the US Federal Reserve's interest rate decision. By 10:45 am the BSE Sensex was up 187 points at 83,267 while the NSE Nifty50 gained 56 points to 25,475. Major gainers on the Sensex included Bajaj Finance, HDFC Bank and L&T while TechM, Infosys and Tata Steel were among the losers.

Overall 1,753 shares rose, 1,313 fell and 133 remained unchanged. The BSE Midcap and Smallcap indices were flat. The previous session saw the Sensex and Nifty50 rise by 91 and 35 points respectively.

Global markets showed mixed trends with Tokyo rising and Shanghai falling. Foreign Institutional Investors bought equities worth Rs 482.69 crore. The rupee appreciated by 10 paise to 83.76 against the US dollar supported by strong equities and foreign fund inflows.