Share/Stock Market Highlights: The benchmark indices on the BSE and National Stock Exchange gained 0.8 per cent to end at record highs on Wednesday aided by telecom and auto stocks which saw a rally after the government announced packages for the sectors.
The S&P BSE Sensex surged 476.11 points (0.82 per cent) to end at a record closing high of 58,723.20. During the day, the BSE benchmark had touched a lifetime high of 58,777.06. Likewise, the Nifty 50 climbed 139.45 points (0.80 per cent) to settle at an all-time high of 17,519.45. In the intraday trade, the 50-share frontliner had breached the 17,500-mark for the first time ever and hit a record high of 17,532.70.
Gains on the Sensex on Wednesday were led by NTPC, Bharti Airtel, Titan Company, HCL Technologies, State Bank of India (SBI) and Power Grid Corporation of India. On the other hand, Nestle India, Ultratech Cement and Axis Bank were among the laggards.
Among sectors, the S&P BSE Telecom index climbed 3.45 per cent led by Reliance Communications and Bharti Airtel. The S&P BSE Auto too climbed 0.93 per cent led by Tube Investments of India, Motherson Sumi Systems and Ashok Leyland.
In the broader market, the S&P BSE MidCap ended at 25,215.96, up 162.29 points (0.65 per cent) while the S&P BSE SmallCap ended at 28,284.07, up 241.62 points (0.86 per cent).
(with inputs from agencies)