MARKET: Sensex off record high, up 300 pts; Nifty near 18,600; IT pack up

The BSE Sensex gained over 300 points to 62,650, its new all-time high scaled for a third straight day. The NSE Nifty50 rallied almost 100 points to top the 18,600-level.

Index heavyweight, Reliance Industries surged 4 per cent to trade at over five-month high. READ MORE

Asian Paints, Nestle, IndusInd Bank and Bajaj Finserv were the other prominent gainers.  

Also read:  Over two-thirds of Nifty500 stocks trade above 200-DMA 

On the Nifty, Hero Moto, BPCL, and SBI Life were the top winners, up to 3.5 per cent higher. 

The broader markets, meanwhile, outperformed benchmark indices. The NSE MidCap advanced over 0.5 per cent, while the SmallCap indices gained a per cent. 

Among other individual stocks, IEX dropped over 2 per cent after its board approved share buyback plan worth Rs 98 crore. READ MORE

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