Indian market: Sensex at new high at 41,020.61

The National Stock Exchange (NSE) too rose by 63 points to 12,100.70.

The Nifty registered days high and low at 12,114.90 and 12,055.15 points respectively.

The market remained in green througout the day as it opened on a strong note at 40,979.39, up by 158 points. During the day it spurted by 254 points to 41,075.76, a days high before closing at 41,020.61, rising by 199.31 points from its previous close.

The sectoral indices like Materials, Energy, Auto, Oil and Gas, Metal, Finance and Technology pushed the marker up however, selling in Realty, Power and Telecom capped from further gain, the broker informed.

In scrips, Yes Bank, SBI, Maruti Suzuki, Sun Pharma and Hind Unilever rallied while L & T, ICICI Bank, ITC and Tata Steel declined.

In the broader market, the S&P BSE Mid-Cap index rose 0.82 pc while the S&P BSE Small-Cap index fell 0.19 pc.

The market breadth ended in the favour sellers. On the BSE, 1234 shares rose and 1280 shares fell. A total of 215 shares were unchanged. In Nifty 50 index, 37 stocks advanced while 13 stocks declined.

Overseas, markets in Europe and Asia edged higher on Wednesday as investors focused on US-China trade talks and an upbeat assessment of the economy from Federal Reserve Chairman Jerome Powell.