Mumbai: Benchmark equity indices Sensex and Nifty hit their fresh all-time high levels in early trade on Wednesday amid a firm trend in global markets along with buying in stocks of IT companies and Reliance Industries.
The 30-share BSE Sensex jumped 475.88 points to 71,913.07 -- its all-time peak -- in early trade. The Nifty climbed 138.8 points to reach its record high of 21,591.90.
Among the Sensex firms, Wipro, Infosys, Tata Consultancy Services, Reliance Industries, Tech Mahindra, NTPC and HDFC Bank were the major
gainers.
Meanwhile, the rupee appreciated 4 paise to 83.14 against the US dollar in early trade on Wednesday as robust buying in domestic equities boosted investor sentiment.
Forex traders said a weak greenback against major currencies overseas weighed in favour of the local currency amid concerns over oil supplies due to geopolitical situation.
At the interbank foreign exchange, the domestic currency opened at 83.17 and gained further to trade at 83.14 against the greenback, registering a rise of 4 paise over its previous close.