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Buoyed By Global Events, India’s Markets Reach Record Highs
Buoyed By Global Events, India’s Markets Reach Record Highs
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KOLKATA, India Led by gains in IT and auto shares, and buoyed by global events, India’s S&P BSE Sensex reached an all-time high of 50,184.01 in early trading on Jan. 20. The Nifty 50 index also hit an all-time high of 14,666.50 points.
At the closing bell, Sensex was down 0.34 percent, and the Nifty 50 fell 0.37 percent.
The top gainers for most of the day were Bajaj Fiserv, up about 4 percent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank and Axis Bank, according to market reports. Nifty Auto was up 2 percent, while Tata Motors gained around 6 percent.