The benchmark BSE Sensex and Nifty 50 index hit a record high on Wednesday, November 6, after opening on a negative note. The Sensex surged over 441 points to reach 40,543 while the Nifty 50 index reached closer to 12,000.
Sensex snapped the winning streak of seven straight sessions, opening at 40,311.85 points on, Wednesday reaching a low of 40,153,99 points in the morning trade after closing at 40,248.23 points on Tuesday. The broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,911.50 points after closing at 11,9127.20 points.
The surge, recorded around 1.50 pm, was led by gains in Infosys, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, Larsen & Toubro, Sun Pharma and HDFC Bank.
Infosys remained the top gainer as its stocks rose by as much as 3.15 percent to Rs 718 after the company issued a clarification on complaints of unethical practices by its CEO and CFO.
"These speculations are appalling and seem to be aimed at tarnishing the image of some of the most accomplished and respected individuals. I have deep regard for the life-long contribution of all our cofounders. They have built this institution and have served this company selflessly and even today, remain committed to the long-term success of Infosys," company chairman Nandan Nilekani clarified in a statement.
On Nifty, 35 stocks traded in positive. Cipla, YES Bank, ICICI Bank and Indusind Bank remained the top gainers.
The top companies to look out for on Wednesday include Canara Bank, Cipla, Indiabulls Housing Finance, Tata Steel, Bajaj Electricals, Bosch India, Godrej Consumer Products, Corporation Bank and Exide Industries, as they are among the 79 companies scheduled to post their September quarterly earnings.