Stock Market At All-Time High: Sensex Hits 64,000, Rises 550 Points. Nifty Touches 19,000 On Strong Cues

Stock update: On the 30-share Sensex platform, barring Wipro and Kotak Bank all the constituents were trading the in the green, with Tata Motors, Titan, NTPC, RIL, IndusInd Bank, L&T were lead gainers

In the broader markets, Nifty Midcap 100, and Nifty Smallcap 100 indices rose up to 0.7 per cent.

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The two key equity benchmarks, Sensex and Nifty, on Wednesday are scaling new heights during intra-day trade, tracking strong global cues and robust buying in select frontline stocks. The BSE Sensex hit 64,000-mark, up 550 points. On the other hand, the NSE Nifty touched the 19,000-mark, up 184 points.

On the 30-share Sensex platform, barring Wipro and Kotak Bank all the constituents were trading the in the green, with Tata Motors, Titan, NTPC, Reliance, IndusInd Bank, L&T were the lead gainers.

In the broader markets, Nifty Midcap 100, and Nifty Smallcap 100 indices rose up to 0.7 per cent.

All sectors swimmed in the sea of green, with Nifty Metal, Nifty Consumer Durables, and Nifty PSU Bank indices gaining up to 0.7 per cent.

In the morning session, the two indices started with a strong note. 

In the previous session on Tuesday, the S&P BSE Sensex rallied to a high of 63,468, and ended 446 points higher at 63,416, while the NSE Nifty reclaimed the 18,800-mark, and ended with a gain of 126 points at 18,817.

In Asian markets, Tokyo quoted in the green while Seoul, Shanghai, and Hong Kong were trading lower. The US markets ended significantly higher on Tuesday.

Global oil benchmark Brent crude climbed 0.61 per cent to $72.70 a barrel.

Foreign institutional investors (FIIs) bought equities worth Rs 2,024.05 crore on Tuesday, according to exchange data.

Meanwhile, the rupee strengthened by 5 paise to 81.97 against the US dollar in early trade on Wednesday on foreign fund inflows and gains in domestic equities. The currency opened higher by 2 paise at 82 at the interbank foreign exchange market and moved in a tight range of 82.01 to 81.97 in early trade.

The rupee was trading at 81.97 against the US dollar at 9.35 am, registering a gain of 5 paise over the previous close of 82.02. Foreign portfolio investments into equities and overnight losses in the US dollar in global markets boosted the rupee sentiment in early trade, analysts said.