Indices in the late Wednesday trade held near day’s high. Nifty ended at 13529 while Sensex closed at 46103, up over 1%, which is their fresh record closing. Nifty mid cap 100 index also ended higher by 0.6 percent.
Top gainers in trade today have been UPL, IOC, Asian Paints, Kotak Mahindra and Indusind Bank while laggards have been Hindalco, Shree Cements, Ultratech, Wipro, Grasim.
IT index hit a fresh high today and some of the IT stocks including Coforge, HCL and Infosys rallied up as much as 2 percent.
Hatsun Agro traded ex-date for 1:3 bonus and stock settled higher by as much as 8 percent.
Nifty PSU Bank ended lower as the SC deferred the hearing on interest waiver case to December 14.
Also, Nifty Media was an outlier with gains of over 3 percent led by upward move in stocks including Sun TV Network, Hathway Cable.
Also, in a record high market, aviation stocks barring Jet Airways traded in the green.
On the continuing rally, experts are now turning cautious and while they see the current rally to run through the next year, there remains a fear as the rally seems to be going too far. When valuations get drunk, the “all fall down” moment will arrive, warns Shyam Sekhar.
Meanwhile, European indices also traded in the green with highest gains of 0.86 percent on the German DAX. Also, US stock futures traded mixed with Nasdaq showing no movement.
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