Sensex, Nifty surge to lifetime highs; powered by rally in IT stocks

Sensex jumps 847.27 points to settle at record 72,568.45; Nifty surges 247.35 points to fresh lifetime high of 21,894.55. Sensex jumps 847.27 points to settle at record 72,568.45; Nifty surges 247.35 points to fresh lifetime high of 21,894.55.

Benchmark equity indices Sensex and Nifty surged to their fresh all time highs on January 12, driven by a sharp rally in IT stocks.

Sensex jumps 847.27 points to settle at record 72,568.45; Nifty surges 247.35 points to fresh lifetime high of 21,894.55.

Earlier, during the fag end of the day, the 30-share BSE Sensex jumped 999.78 points to reach a new record of 72,720.96.

The Nifty climbed 281.05 points to reach its fresh record peak of 21,928.25.

Among the Sensex firms, Infosys jumped nearly 8% after the company's December quarter earnings came in line with market expectations.

Tata Consultancy Services climbed nearly 4% after the largest software exporter reported an 8.2% growth in net income for the December quarter at ₹11,735 crore, driven by a massive growth in the home market that offset to a large extent the impact of a 3% degrowth in the US market.

The other prominent gainers were Tech Mahindra, Wipro, HCL Technologies and State Bank of India.