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Nifty at fresh all-time high, Sensex up 0.2%; M&M gains big

Buzzing Stock: Shares of IDBI Bank were lower nearly 3 percent intraday on Wednesday after its Indian deposit receipts got a downgrade from a ratings agency.

Market Check: Benchmark indices extended their gains from the morning session, with the indices clocking record high levels.

The Sensex is up 73.75 points at 31233.15, while the Nifty was up 16.85 points at 9641.40.

The market breadth continued to be narrow as 1,394 shares advanced against a decline of 1,177 shares, while 155 shares were unchanged.

M&M, Lupin and UltraTech Cement gained the most on both indices, while Tata Steel, Infosys, Vedanta and Bharti Infratel lost the most.

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