Market Now: BSE Smallcap index outperforms benchmark Sensex

Surpassing its previous record closing at 33,600.27 points, the BSE Sensex provisionally closed at a fresh high of 33,685.56 points - up 112.34 points, or 0.33 per cent. Gains were led by realty, infrastructure and consumer durables - rising between 0.7 per cent and 0.9 per cent in late morning deals. Both indices Sensex and Nifty jumped to new peaks after the announcement of a new US Federal Reserve chief. Investors also took keen interest in the unveiling of tax reforms by House Republicans in Washington. Australia's main index firmed 0.6 per cent, while China's blue chips were a fraction softer.

Bharti Airtel, Axis Bank, ONGC, Ambuja Cement, and Hindalco are among the gainers, whereas PowerGrid, BPCL, Adani Ports, ICICI Bank, and HCL are losing steam on NSE.

Foreign funds inflows continued amid encouraging corporate earnings and mixed global cues.

India shares edged little changed on Thursday, tracking gains in other Asian equities but selling pressure in autos and metals kept gains in check.

"Asian shares rose in early trade on Friday after United States stocks closed mixed", he added.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, climbing to its highest levels since November 2007.

Around 1 p.m., the Nifty50 rose by 18.45 points, or 0.18 per cent, to trade at 10,442.25 points.

The S&P BSE Smallcap index was trading 0.72 per cent up at 17,897 around 12:30 pm (IST), while benchmark Sensex was 0.22 per cent up at 33,646.

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