Indian shares on all-time high after strong company earnings

In broad-based gains as strong December-quarter corporate earnings raised hopes of a quick economic recovery, Indian shares were seen rising to an all-time high today.

The NSE Nifty 50 index was 0.84 per cent higher at 15,290.85 by 0355 GMT, while the S&P BSE Sensex was up 0.94 per cent at 52,029.80. Both indexes hit record highs in early trading.

Thirteen of 14 sectoral indexes were higher, with banks leading the gains. HDFC Bank and ICICI Bank were among the biggest boosts to the Nifty 50.

On Friday, a data had showed India's retail inflation stayed within the RBI's target range for the second consecutive month in January.

Other Asian stocks also hit record highs today as successful Coronavirus vaccine rollouts globally boosted risk sentiment.