Nifty Extends Record Run, Sensex Jumps Over 400 Points Led by Reliance

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's over 1 per cent gain.

The Indian equity benchmarks extended gains in afternoon trading led by gains in Reliance Industries, HDFC, HDFC Bank, Kotak Mahindra Bank, Bharti AIrtel, ITC and Infosys. The Nifty 50 index touched an all-time high of 15,469.65 and 30-shares Sensex jumped as much as 414 points. Decline in daily Covid-19 cases is fuelling the rally in Indian equities. As of 1:50 pm, the Sensex rose 397 points to 51,512 and Nifty 50 index advanced 127 points or 0.83 per cent to 15,465. Investors' sentiment has improved in the recent past due to a steady decline in daily COVID-19 cases nationwide. Earlier this week, the country reported its lowest daily rise of cases in more than a month. India's Covid case count rose to over 2.75 crore as 1.86 lakh more tested positive in a day. This is the lowest daily rise in 44 days. The steady dip comes as scientists are studying if the B.1.617 strain is behind the surge in the last two months.