Stock Market: Sensex, Nifty50 At All-Time High. Adani Enterprises, Adani Ports Shine. Metals Lead

Stock update: On the 30-share Sensex platform, Titan, Bajaj Finance, ITC, SBI, HDFC Bank, IndusInd Bank were leading during early trade

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

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The two key equity benchmarks, Sensex and Nifty, on Wednesday started trade on a strong note as the indices hit fresh all-time high in the morning session. At 9.55 am, the BSE Sensex climbed 243 points to 63,659. On the other hand, the NSE Nifty was trading at 18,893, up 76 points.

On the 30-share Sensex platform, Titan, Bajaj Finance, ITC, SBI, HDFC Bank, IndusInd Bank were leading during early trade. On the flipside, Axis Bank, Sun Pharma, Kotak Bank, HCL, NTPC, and Wipro emerged losers. Adani Enterprises, Adani Ports, and Grasim Industries were the top runners in the 50-packed index.

#ABPLiveStockMarketWatch | Sensex and Nifty started trade on a strong note as the indices hit fresh all-time high on Wednesday

At 10:52 AM, #Sensex went up by 344 points to 63,760 & #Nifty by 112 points to 18,929

Here's a look at the stocks in focus:#StockMarket… pic.twitter.com/ezm9HUjuPx

— ABP LIVE (@abplive) June 28, 2023

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

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

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.