Equity benchmark Sensex rallied over 300 points in opening trade to hit a fresh lifetime high on Wednesday, tracking gains in index heavyweights ICICI Bank, HDFC Bank and M&M despite a weak trend in global markets.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 278.32 crore on Tuesday, as per exchange data.

At 9:53 hours, the 30-share benchmark index was trading at 60600.87 up by 316.56 points or by 0.53 % and then NSE Nifty was at 18089.35 up by 97.4 points or by 0.54 %.

Sensex touched intraday high of 60649.32 and intraday low of 60452.29 The NSE Nifty touched intraday high of 18099.15 and intraday low of 18050.75

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 926.65,+4.16%), Titan Company Ltd. (Rs. 2546.55,+2.09%), Power Grid Corporation of India Ltd. (Rs. 197.25,+2.04%), Tata Steel Ltd. (Rs. 1353.85,+1.87%), Bajaj Finserv Ltd. (Rs. 18482.90,+1.42%), among others.

The top losers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 7650.95,-0.55%), Hindustan Unilever Ltd. (Rs. 2663.10,-0.44%), Nestle India Ltd. (Rs. 19349.30,-0.34%), HCL Technologies Ltd. (Rs. 1248.70,-0.08%), IndusInd Bank Ltd. (Rs. 1181.65,-0.06%), among others.

Auto index was at 26575.28 up by 841.57 points or by 3.27%. Tata Motors Ltd. (Rs. 486.00,+15.49%), Mahindra & Mahindra Ltd. (Rs. 925.90,+4.08%), Ashok Leyland Ltd. (Rs. 144.25,+3.67%), Motherson Sumi Systems Ltd. (Rs. 253.90,+3.57%), TVS Motor Company Ltd. (Rs. 579.00,+0.93%),.

FMCG index was at 15019.63 down by 8.22 points or by 0.05%. DCM Shriram Industries Ltd. (Rs. 107.20,-3.12%), Radico Khaitan Ltd. (Rs. 1143.90,-2.50%), G M Breweries Ltd. (Rs. 863.95,-2.44%), Globus Spirits Ltd. (Rs. 1435.50,-2.29%), Future Consumer Ltd. (Rs. 7.72,-1.28%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3070 , shares advanced were 1884 while 1058 shares declined and 128 were unchanged.