NIFTY50 hits all-time high, SENSEX up over 1100 points

Feb 2 (Reuters) - India's benchmark Nifty 50 index hit an all-time high of 22,126 on Friday, helped by gains in heavyweight stocks like Maruti Suzuki (+4.4%), Axis Bank (+1.5%) and TCS (+1.0%). The government's fiscal prudence in its budget boosted market sentiment.

The NSE Nifty 50 index hit an all time high of 22,126 is currently up 1.71%, while SENSEX is up over 1100 points. As per experts, the market rises as budget uncertainty ends and amid strong global clues.

On the sectoral front, NIFTY PSU Bank (+3.1%) index continues to rise for the second straight day. NIFTY Auto, NIFTY Bank, NIFTY FMCG are also trading in green.