New Delhi, Dec 16 (IANS) Strong buying support, combined with influx of fresh foreign funds, lifted the key Indian equity indices to close at new highs on Wednesday.
India’s market had a “gap up” opening.
Subsequently, the NSE Nifty50 reached a record high of 13,692.35, while S&P BSE Sensex touched 46,704.97 points level, following a strong market sentiments globally.
In terms of sectors, realty, metal, auto and pharma indices were major gainers, while PSU banks were the main loser.
Broader market indices — Smallcap and Midcap — rose more than NSE Nifty50.
Globally, stocks rose to record highs as the safe-haven US dollar reached its lowest level in more than two and a half years on the growing prospects of an effective coronavirus vaccine and more fiscal stimulus.
Back home, foreign investors pumped in liquidity worth Rs 1,981.77 crore on Wednesday, while volumes on the NSE were in line…
