Nifty off its lifetime high, Sensex up over 450 points as Feb WPI shoots up

In the broader market, The BSE Mid-Cap and BSE Smallcap indices underperformed the frontline indices

The benchmark Nifty50 index on Tuesday pared some gains after hitting its all-time high as investors saw Prime Minister Narendra Modi's landslide victory in the Uttar Pradesh as an indication of him winning second term in office in Lok Sabha elections 2019.

The Nifty50 rose as much as 2% to a record high of 9,122 points surpassing its previous peak of 9,119 hit on March 4, 2015. The S&P BSE Sensex, meanwhile, gained 615 points to 29562 in intraday trade, 463 points shy of its lifetime high of 30,025 mark. 

At 01:30 pm, the 30-share Sensex was trading at 29,434, up 488