The benchmark indices in India scaled fresh lifetime highs today(29th December 2020) after opening higher for the fifth straight session, on the back of favorable global cues.
The S&P BSE Sensex gained 310 points at 47,660 levels and the Nifty50 index hovered around the 13,960 zones, inching closer to the landmark of 14,000. IndusInd Bank (up 2%), HCL Tech, Axis Bank, and State Bank of India (up 1%) were among the top Sensex gainers.
The Nifty sectoral indices were painted green, with the Nifty Bank index, up 1 percent, leading the gainers.
The broader markets tracked the gains in their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.6 percent and 0.8 percent higher, respectively.