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Image Source : PTI
Stock market scores record high to welcome Biden; Sensex hits 50,000-mark, Nifty above 14,700
Equity benchmark Sensex rallied over 300 points to hit the 50,000-mark for the first time ever in early trade on Thursday on strong gains in index majors Reliance Industries, Bajaj Finance and ICICI Bank amid positive global cues. After touching a lifetime high of 50,126.73, the 30-share BSE index was trading 300.09 points or 0.60 per cent higher at 50,092.21 in opening deals.
Similarly, the broader NSE Nifty surged 85.40 points or 0.58 per cent to trade at 14,730.10. It too scaled its highest level of 14,738.30 in early trade.
Bajaj Fiserv was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank and Axis Bank. On the other hand, TCS and HDFC twins were the laggards.