NIFTY 50 creates new record high at 22,779, Index heavyweights like Reliance, HDFC Bank, ICICI Bank fuel the rally

Indian markets created a new record high of 22,779 by crossing the previous all-time high of 22,775 on Tuesday. The NIFTY 50 index is trading over 130 points higher, and a strong rally in auto, banking, and power stocks is fueling the rally in the markets.

Today's rally in the market is largely led by stocks like Reliance (+1%), M&M (+4.7%), HDFC Bank (+0.5%), Axis Bank (+1.42%) and ICICI Bank (+0.5%).    Top gainers in the NIFTY index are Mahindra & Mahindra (+4.7%), Power Grid (+3.1%), IndusInd Bank (+2.7%), Shriram Finance (+2.5%).    On the sectoral front, NIFTY Auto (+2.2%) and NIFTY Realty (+2.09%) are the top sectoral gainers, While NIFTY IT (-0.4%) and Metals (-0.38%) are the top losers.

Broader indices, too, continue their relentless rally to new record high levels. The NIFTY midcap 100 made a new record high of 51,224, up by +0.74%, and the NIFTY small cap 100 is trading +0.54% higher at record high levels of 17,132 levels.

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