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Share Market Live: Sensex, Nifty Near Record; I.T. Shares Lead Advance – BloombergQuint

Mid-Day Market Update: Sensex, Nifty Near Record; I.T. Shares Lead Advance

India’s stock benchmarks advanced to record and overcame intraday volatility, aided by gains in information technology and capital goods stocks

The S&P BSE Sensex rose 0.60% to 62,134.16. The 30-stock index hit a record 62,232.35 in intraday trade. This is the first time Sensex crossed 62,000. The NSE Nifty 50 index also advanced by similar magnitude to 18,563.65. The 50-stock gauge hit a record 18,604.45 in intraday trade.

The broader indices underperformed their larger peers with S&P BSE MidCap little changed and S&P BSE SmallCap indexes gaining 0.2%. Ten of the 19 sectoral indexes compiled by the BSE Ltd. advanced, with S&P BSE Information Technology index gaining 2.36%.

The market breadth was skewed in favour of bears. About 1,337 stocks advanced, 1,913 declined and 137 remained unchanged.