Sensex Takes Out 48,400 As Markets Extends Record Run; IT Stocks Lead Gains

The Sensex ended 260.98 points, or 0.54 per cent, higher at 48,437.78, and the Nifty settled 66.60 points (0.47 per cent) higher at 14,199.50 — both record closing highs. (Track Sensex, Nifty Here) Axis Bank, HDFC, IndusInd Bank, HDFC Life, Wipro and Tata Consultancy Services, closing between 1.68 per cent and 6.32 per cent higher, were the top gainers in the Nifty basket of 50 shares.  ONGC, JSW Steel, Hindalco, Tata Steel and B...