Sensex surges 452 points to hit new closing high of 60,737; Nifty at 18,161

Equity benchmark Sensex soared 453 points to touch a new closing high of 60,737 on Wednesday, tracking gains in index heavyweights Reliance Industries, ITC and Infosys amid a positive trend in global markets.

After scaling a record peak of 60,836.63 during the session, the 30-share Sensex settled 452.74 points or 0.75 per cent higher at 60,737.05, taking its winning run to the fifth consecutive day. Similarly, the Nifty rallied 169.80 points or 0.94 per cent to 18,161.75. It touched an intra-day record of 18,197.80.

M&M was the top gainer in the Sensex pack, zooming over 5 per cent, followed by PowerGrid, ITC, L&T, Tech Mahindra, Titan and Tata Steel.

On the other hand, Maruti, HUL, Nestle India, Axis Bank and SBI were among the laggards.

Sustained rebound in financials and Reliance Industries supported broader indices. Tata Group stocks were in focus especially Tata Motors after company announced USD 1 billion investment from TPG in Electric Vehicle division valuing EV business strong at USD 9.1 billion.