Sensex, Nifty near record highs; Bharti Airtel, Hero top gainers

Epic Update Hero MotoCorp

Equity benchmarks continued to trade nearly record highs hit in opening trade today.

Index heavyweights like HDFC (up 1.5 percent), HDFC Bank (up 0.8 percent) & ITC (up 0.9 percent), auto and pharma stocks continued to support the market. However, the selling pressure in ICICI Bank, Reliance Industries and Infosys limited gains.

The 30-share BSE Sensex was up 132.64 points at 31,270.23 and the 50-share NSE Nifty rose 36.90 points to 9,653 while the BSE Midcap index gained 0.7 percent and Smallcap up 0.4 percent on positive breadth.

About 1400 shares advanced against 966 declining shares on the exchange. Bharti Airtel rallied 3 percent on approval from SEBI and stocks exchanges for merger with Telenor India while Hero Motocorp gained 3 percent post May sales data

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