Benchmark stock market indices reached record highs in early trading. The S&P BSE Sensex was 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25% to trade at 23,523.30.
Energy stocks rose by 0.5%, with ONGC leading the way with a 1.2% gain after the government reduced the windfall tax on petroleum crude from 5,200 rupees to 3,250 rupees per metric ton, effective June 15.
