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S&P BSE 500 index hits record high

HDFC Bank, IndusInd Bank, Cadila Healthcare, Biocon, TVS Motor, Alkem Lab and Escorts hit new highs

S&P BSE 500 index hits record high
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SI Reporter Mumbai
The S&P BSE 500 index hit a record high on Friday after strong rally in select private sector banks, pharmaceutical and automobile stocks.

At 10:28 am; the S&P BSE 500 index was up 0.48% or 57 points at 12,064 points. It touched new high of 12,127 points during intra-day trade, surpassing its previous high of 12,105 hit on February 9, 2017.

Since December 26, from its recent low, the S&P BSE 500 index has outperformed the market by surging 13.4% as compared to 10% rise in the benchmark S&P BSE Sensex.

HDFC Bank and IndusInd Bank from