BENGALURU, July 16 (Reuters) -
India's NSE Nifty 50 rose to a record high at the open on Tuesday, before trimming gains, with small- and mid-caps also hitting all-time highs, boosted by stock-specific jumps on strong quarterly earnings.
The Nifty 50 rose as much as 0.26% to 24,650.05. Both Nifty and the S&P BSE Sensex were up about 0.1% each, as of 9:29 a.m. IST.
The Nifty 50 has hit record highs in eight of the 12 sessions so far in July, rising about 2.5% over the period.
Eleven of the 13 major sectors logged gains. Both small- and mid-caps rose about 0.6% each to hit record highs.
Hatsun Agro Products climbed 12% after
posting
a rise in quarterly profit.
Century Textiles was up 6% after its arm Birla Estates
bought
a land parcel in Haryana's Gurugram, with an estimated revenue potential of 14 billion rupees ($167.50 million).
They were among the top gainers in the broader markets. ($1 = 83.5930 Indian rupees) ($1 = 83.5800 Indian rupees) (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee and Sohini Goswami)