HCL Tech, Infosys, HUL, ITC, Bharti Airtel and TCS were the top gainers on the Sensex. Maruti, Bajaj Finserv, Axis Bank, Nestle were the laggards.
The overall market breadth was negative as 2,332 stocks declined on the BSE, while 1,041 advanced and 134 remained unchanged.
At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 244.52 points or 0.41% at 58,771.37.
The constitution of a ‘Bad Bank’ in our view is a positive development as the focus remains on the faster resolution of stressed assets
Experts share insights on whether the markets will sustain the rally beyond the new highs or will they head for correction.
The Sensex hit a record high of 59,737.32 while the Nifty hit an all-time high of 17,792.95 in morning trade.
On Money9's show Get Rich, Sakshi Batra and Rahul Oberoi talk about the factors that will support the market going ahead
The market cap of BSE-listed companies reached its all-time high of over Rs 2.60 lakh crore by the close of trade on Thursday.
Chandan STaparia of Motilal Oswal Financial Services is positive on State Bank of India with a target price of Rs 480.
Strong earnings delivery, benign liquidity and buoyant sentiments have lead benchmark indices to surge over 20% YTD