Markets hit fresh highs as telecom, PSU stocks gain, Sensex near 59K

Nifty adds 139 points and ends session at 17,519, up 0.8 per cent. Both the indices surpass their previous record close made on September 9

The Indian markets hit fresh record highs on Wednesday amid rally a tally in telecom and public sector undertaking (PSU) stocks, with benchmark Sensex’s notching up its 41st record close for the year.

The benchmark Sensex rose 476 points, or 0.8 per cent, to end the session at 58,723. The Nifty, on the other hand, rose 139 points and ended the session at 17,519, a gain of 0.8 per cent. Both the indices surpassed their previous record close made on September 9.

Shares of Bharti Airtel rallied 4.5 per cent, while index heavyweight Reliance Industries rose 0.5 per cent after