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Mkts continue record run

The Sensex and Nifty raced to fresh record highs on Wednesday as gains in financials, auto and cement counters helped benchmarks extend their winning run for the sixth straight session amid positive global cues.

As Sensex crosses 50k, valuations do look stretched
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As Sensex crosses 50k, valuations do look stretched

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Mumbai: The Sensex and Nifty raced to fresh record highs on Wednesday as gains in financials, auto and cement counters helped benchmarks extend their winning run for the sixth straight session amid positive global cues.

European equities marched higher after the UK became the first country to approve the Covid-19 vaccine developed by AstraZeneca and Oxford University.

Serum Institute of India (SII) termed the approval as encouraging news and said the company would now wait for the final nod for the vaccine in India. After succumbing to profit-booking in afternoon trade, the 30-share BSE Sensex closed up by 133.14 points or 0.28 per cent at a record high of 47,746.22.

The barometer scaled its all-time intra-day high of 47,807.85. Similarly, the broad-based NSE Nifty rose by 49.35 points or 0.35 per cent to finish at its lifetime high of 13,981.95. It touched all-time peak of 13,997 in intra-day trade.

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