The benchmark indices have touched fresh highs on Wednesday afternoon, with the Nifty touching the 17,500 mark, led by gains in information technology stocks. At 1:40 pm, the Sensex was trading at 15,702, higher by 458 points or 0.79 per cent and the Nifty surpassing 17,500 to 17,513.50, up 133 points or 0.7 per cent. The broader markets are also trading strong, with the BSE Midcap index and the BSE Smallcap index adding 0.7 per cent each.
In the currency market, the rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar. At the interbank foreign exchange, the rupee opened at 73.68 against the dollar, then inched higher to 73.66.
On the stock-specific front, NTPC and Bharti Airtel have soared by 5 per cent each to top the gainers list on the BSE. Information technology stocks are also going strong, with HCL Tech, Infosys, TCS and Tech Mahindra gaining 1-3 per cent each on the BSE.
On the other hand, select financial stocks are trading weak. HDFC Bank, Axis Bank and Axis Bank