Sensex Hits Record Of 57,000 Points, Nifty Conquers 17,000 Points

In line with resilient global stock markets, Indian indices too are trading firm and have hit fresh highs in trade today, with Nifty scaling above 17,000 points, while Sensex headed above 57,000 yet again for the first time. Meanwhile, broader markets are still trading with more gains, with Nifty Mid cap 100 ruling higher by 0.6 percent.

After today's rally, Sensex has conquered new all time high of 57,204, while Nifty has touched new highs of 17,024 points.

In the robust market, Bajaj twins, Adani Ports, Airtel and IOC have emerged as top Nifty gainers, while laggards have been Tata Motors, Reliance, Nestle, IndusInd Bank and Britannia.

Notably, today's gains similar to the previous day's trade are broad based with all of the sectors making gains, with major gains being led by metal and PSU Bank space.

Airtel scrip is continuing to gain on the previous day's Bharti's Sunil Mittal con call comments and as he out-rightly said the telco will not shy away from raising tariffs.

The relentless stock market rally is driven by rapid pace of vaccination, Fed's latest take that the rates would not see a hike any time soon and a rebound in FII inflow coupled with other positive macros.

Meanwhile, Asian indices are seeing some correction weighed by Chinese economy's data.

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