Sensex Hits Fresh New High Of 44749, Nifty Tops 13136; ONGC Top Gainer

After record highs made in the US market on flows in cyclicals, Indian indices opened yet another stronger, with Nifty up 0.6% or 77 points at 13136 while Sensex was up 266 points or 0.6% Broader indices too were trading with gains of over 0.5 percent.

TCS remains in focus today as its the last day to participate in the buyback offer. The stock pared early gains to trade weak.

Muthoot Finance in line with expectations trades weak as RBI rejected its proposal to acquire IDBI AMC. The stock was still up by 1 percent.

ONGC has been the top gainer in trade by as much as 5 percent due to rise in crude prices sharply on vaccine hopes and as there has been smooth transition of Joe Biden.

Max Financial Services on better earnings of Rs. 81 crore in net profit for the second quarter is trading higher by over 1 percent.

HAL employees' union has given a notice of nationwide strike opposing the policies and legislation of the government. The stock was still up even on the development by over 1 percent.

Meanwhile Asian markets in mid-week trading were strong with Japan's Nikkei and Hang Seng both up by over 1 percent.

Rupee opened a tad lower at 74.11 against previous closing of 74.09.