S&P BSE Sensex momentarily surpassed the 47,000-mark at today's opening to record a life-time intraday peak before profits fizzled out. Similarly, before falling, the NSE Nifty 50 reached an all-time intraday high of 1,3771.45.
Although technology stock gains helped offset losses, Sensex and Nifty lost traction due to weakness in global markets. At 9:18 am, at 13,756.25, Nifty increased by 0.11 percent, while Sensex originally increased by 0.11 percent to trade at 46,939.75.
The Nifty IT index rose 1.45%, while the Nifty Bank Index fell 0.46%. In the Nifty 50, private lender HDFC emerged as the biggest loser, dipping almost 2 percent. Shares of the Oil and Natural Gas Company (ONGC) have fell 1.80 percent.
The top Sensex gainers in early trading were Infosys, HCL Software, TCS, Nestle India and Bajaj Auto stocks. Sensex's ONGC was the biggest loser, shedding around 3%, led by IndusInd Bank, HDFC twins, Bajaj Finance and Kotak Bank.
Foreign portfolio investors (FPIs) were net stock market buyers as they on Thursday bought shares worth Rs 2,355.25 crore.
Domestic equities are also looking firm and robust. Analysts said that record flows of FPIs remain a crucial driving force for the sector. They added that the expectations for earnings growth, progress on vaccines and steady increase in the recovery rate from COVID-19 cases helped a rally in the sector.