Nifty hits fresh lifetime high, Sensex up 250 points; HUL at all-time high

The Nifty50 extended gains to hit fresh record high on Wednesday tracking positive trade seen in Asian markets, while back home the Indian Meteorological Department (IMD) stating that the prospects of the monsoon have brightened due to reduced chances of El-Nino, also contributed to the gains. At 10:02 am, the S&P BSE Sensex was trading at 30,174, up 241 points, while the broader Nifty50 was ruling at 9,382, up 65 points. In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices added 0.9% and 0.8%, respectively. "The support for the index remains at 9,270 (89-EMA level on the hourly chart), which we believe would provide a rock solid support in the near term. On the flipside, we continue to see this uptrend getting extended gradually towards the 9,400 mark," said brokerage Angel Broking in a research note.  Commodity Trading Tips