Closing update: Equity benchmarks Sensex and Nifty settled at fresh closing highs boosted by gains in sectors led by IT and auto.
Nifty hit its fresh record high of 14,367.30 while the Sensex hit a record high of 48,854.34.
The rally in the market was broad-based as the Midcap and Smallcap indices clocked gains of about a percent.
BSE Midcap hit a fresh record high of 19,161.20 while the Smallcap index hit an intraday high of 18,984.69. The Smallcap index is still about 1,200 points below its all-time high of 20,183.45 that it hit on January 15, 2018.
Sensex closed 689 points, or 1.43 percent, up at 48,782.51 and Nifty settled 210 points, or 1.48 percent, up at 14,347.25.
BSE Midcap and Smallcap indices closed 1.01 percent and 0.72 percent higher, respectively.
News Source:- moneycontrol