Sensex jumps 300 pts to record high of 52,450 in early trade; Nifty tops 15,400

At 9:38am, Sensex was up 310.39 points or 0.6% to trade at 52,464.52 while Nifty zoomed 106.60 points or 0.70% to 15,421.30.

Indian equity indices opened in green on Tuesday with the 30-share BSE Sensex advancing over 300 to touch an all-time high while the broader Nifty jumped more than 100 points to top 15,400 in early trade.

Sensex opens 300 points higher at 52,450; Nifty jumps 90 points to top 15,400 (Mint File Photo )

At 9:38am, Sensex was up 310.39 points or 0.6% to trade at 52,464.52 while Nifty zoomed 106.60 points or 0.70% to 15,421.30.

Early gains were led by HDFC twins Infosys and RIL .Kotak Bank, up about 1.6%, was the top Sensex gainer followed by ONGC, IndusInd Bank, SBI and TechM. Of 30 Sensex, 28 were in the green at open.

The rally comes a day after the government released data, according to which the wholesale price-based inflation rose sharply to 2.03% in January on costlier non-food manufactured items. Experts have projected a further uptick in the rate of price rise in the next few months. The WPI inflation was 1.22% in December, 2020 and 3.52% in January last year.

In the previous session on Monday, Sensex closed 610 points or 1.18 per cent higher at 52,154 and the Nifty rallied 151 points or 1% to end at 15,315.

Other Asian shares too advanced on Tuesday, putting world equities on course to extend their bull run for a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets.

Meanwhile, oil prices soared to a 13-month high as a deep freeze due to a severe snowstorm in the United States not only boosted power demand but also threatened oil production in Texas.

(With agency inputs)