Sensex hits all-time high, Nifty above 16,650 as metal stocks gain

Benchmark indices S&P BSE Sensex and NSE Nifty 50 started Wednesday's trading session on a strong note as metal stocks witnessed a strong rally.

Indian shares hovered near record highs on Wednesday, boosted by Tata Motors and metal stocks, with sentiment aided by strength in global peers after worries about the tapering of the U.S. Federal Reserve's pandemic-era stimulus eased. By 9:20 am, the blue-chip NSE Nifty 50 index was up 0.3% at 16,674, and the benchmark S&P BSE Sensex was 0.26% higher at 56,105.3.