Barometers saw pared gains in mid-afternoon trade as profit booking emerged at higher levels. The Nifty took a support at 14,700 mark. Global stocks were trading higher as investors hoped for more economic stimulus from U.S. President Joe Biden.
At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 277.63 points or 0.56% at 50,069.99. The Nifty 50 index added 77.4 points or 0.53% at 14,722.90.
The Sensex hit a record high of 50,184.0 and the Nifty scaled a fresh all time high of 14,753.55 during intraday trade.
The broader market traded with small gains. The S&P BSE Mid-Cap index rose 0.23% while the S&P BSE Small-Cap index gained 0.11%.