Benchmark indices gained in the Wednesday morning trade for the sixth consecutive day with Sensex and Nifty hitting all-new lifetime highs led by domestic institutional investors buying ahead of Q3 earnings by blue chips. BSE Sensex traded up by 18.87 points to 34,462, while the NSE Nifty edged down 1.35 points to close at 10,638.35 in the later morning hours.
Shares of Coal India, ONGC, Bharti Airtel, Sun Pharma, ITC and Reliance Industries were the top gainers among the Sensex stocks.
Shares of Coal India Ltd rose over 1 percent extending Tuesday’s gain after the company hiked non-coking coal prices.
Other stocks which also spiked in the opening trades include ONGC, Sun Pharma, Bharti Airtel, Reliance, Adani Ports whereas Asian Paints, Wipro, Tata Steel, IndusInd Bank and HDFC lost up to 1 percent.
Shares of Infosys Limited rose 0.8 percent after the company said it has signed a pact with the U.S Internal Revenue Services.
Among the sectoral indices of NSE, 6 indices out of 11 were trading in green with Nifty Pharma and Nifty Realty index leading the charge while Nifty Auto and Nifty Bank shed up to 0.3 percent.