From the Sensex basket, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were the major laggards.
The 30-share Sensex opened at a new high of 74,555.44, up 307 points, or 0.41 per cent. It reached a high of 74,658.95 in the morning trades. The Nifty opened at 22,578.35 compared to previous close of 22,513.7. The index touched a new peak of 22,623,9 in the morning trades.
The rally in frontline indices in the last few sessions suggest that markets have now recovered from the recent correction triggered by market regulator Sebi’s caution on the ‘froth’ in small and mid-cap stocks.