Sensex, Nifty scale fresh peaks as telecom, auto shares rise on govt’s relief measures

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NEW DELHI: Equity indices surged to record highs on Wednesday led by telecom, auto stocks after the government announced much-needed support measures for both.
After scaling an intra-day high of 58,777, the 30-share BSE index closed 476 points or 0.82 per cent higher at recod high of 58,723.
While the broader NSE Nifty settled 139 points or 0.8 per cent higher at fresh peak of 17,519.
Top gainers in the sensex pack included NTPC, Bharti Airtel, HCL Tech, Titan and SBI with their shares rising as much as 7.16 per cent.
While Axis Bank, Asian Paints, Ultra Cemco, Nestle India and Sun Pharma were the major losers falling up to 0.38 per cent.
On the NSE platform, sub-indices Nifty PSU Bank, IT, Auto gaining as much as 2.83 per cent.
Investor sentiment got a boost from the cabinet’s decision to approve a production-linked incentive (PLI) scheme for the automobile sector and a…

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