Sensex rallies over 400 points to fresh intra-day record

Sensex surged over 400 points in early trade on January 11 to top the 49,000 mark for the first time, tracking gains in IT stocks amid largely positive trend in global equities and massive FPI inflow.

After touching a record intra-day high of 49,260.21, the 30-share BSE index was trading 405.45 points or 0.83 per cent higher at 49,187.96.

Similarly, the Nifty jumped 112.45 points or 0.78 per cent to 14,459.70 in opening deals. It hit a fresh intra-day high of 14,474.05.

On the Sensex chart, Infosys was the top gainer, rising around 4 per cent, followed by HCL Tech, ITC, HDFC Bank, Bharti Airtel, HUL and TCS.

On the other hand, Axis Bank, Maruti, ONGC, Bajaj Finance and Reliance Industries were among the laggards.

In the previous session, the Sensex had closed 689.19 points or 1.43 per cent higher at 48,782.51, while Nifty rallied 209.90 points or 1.48 per cent to close at its record high of 14,347.25.

Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 6,029.83 crore on Friday, according to exchange data.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul were trading with significant gains in mid-session deals, while Shanghai was in the red.

Brent crude was trading 1.29 per cent lower at$ 55.27 per barrel.