Sensex, Nifty hit fresh lifetime highs on positive monsoon forecast

In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices added 0.9% and 0.8%

The benchmark indices Sensex and Nifty extended gains to hit their fresh record highs 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.

The 30-share Sensex rose as much as 274 points to its record high of 30207, while the 50-share Nifty added 75 points to its lifetime high of 9,392. The last time, both the indices had hit their respective fresh highs on May 05. 

At 11:53 am, the S&P BSE