Sensex rallies over 350 points to hit record intra-day high; Nifty tests 12,000 mark

After starting on a choppy note, the 30-share index rallied to trade 332.85 points, or 0.83%, higher at 40,581.08 in afternoon session.

November 06, 2019 02:47 pm | Updated 02:48 pm IST - Mumbai

A view of the BSE building in Mumbai.

A view of the BSE building in Mumbai.

Market benchmark BSE Sensex surged over 350 points to hit its record intra-day peak of 40,606.91 points on Wednesday, driven by strong buying sentiment in banking, metal and realty stocks.

After starting on a choppy note, the 30-share index rallied to trade 332.85 points, or 0.83%, higher at 40,581.08 in afternoon session.

Similarly, the broader NSE Nifty briefly reclaimed the 12,000 mark. At 1415 hours, it was trading 81.30 points, or 0.68 per cent, to 11,998.50.

Top gainers in the Sensex pack included Infosys, ICICI Bank, IndusInd Bank, Yes Bank, HDFC, Tata Motors and L&T, rising up to 2.54%.

On the other hand, Bharti Airtel, HCL Tech, RIL, Maruti and SBI were among the top losers, shedding up to 3%.

Globally, bourses in Hong Kong, Tokyo and Seoul were trading on a positive note, while those in Shanghai slipped into the red.

Exchanges in Europe were also trading on a positive note in their respective early deals. On the currency front, the rupee appreciated 25 paise against the US dollar to trade at 70.94 in early session.

Brent futures, the global oil benchmark, fell 0.92% to $62.38 per barrel.

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