NEW DELHI: Another day, another record. Frontline indices Sensex and Nifty scaled fresh lifetime peaks in the opening deals on Wednesday. The 30-share pack of BSE hit Mt 38,000 for the first time ever. At 09:21 am, the index was trading 97 points higher at 37,985.
ICICI BankNSE 4.77 % was leading the performance chart with a gain of 3 per cent at Rs 328 apiece while auto major Maruti skidded 1 per cent to emerge as the worst laggard. The stock was trading at Rs 9,118 apiece on BSE.
The broader Nifty50 index of National Stock Exchange (NSE) was trading 21.45 points higher at 11,471.45.
"The future long term outlook for the Indian equity market continues to look bright. Government focus on financial inclusion of the masses and raising farm incomes will be a positive for the private banking and consumption sector," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas. However, short term concern such as rising crude oil prices, global trade wars might have a negative impact in the short run, Jani added.
