Sensex crosses 55,000 after strong gains, Nifty tops 16,430

Benchmark indices S&P BSE Sensex and Nifty Nifty 50 have gained strength in the morning trading session. Both have hit fresh all-time highs.

Indian shares hit a record high on Friday, with banking and financial stocks leading gains, as the country's retail inflation eased on improved supplies and government assured support to tide over economic strain caused by the pandemic. By 9:19 am, the blue-chip NSE Nifty 50 index was up 0.35% at 16,427 and the benchmark S&P BSE Sensex rose 0.36% to 55,041.50.