Nifty ends above 12,000 for 1st time, Sensex surges 553 pts; autos lead

Benchmark indices continued to trade at around record high levels on hope of rate cut after weak GDP data in Q4 and further fall in oil prices.

The Sensex climbed 507.31 points or 1.28 percent to 40,221.51 and the Nifty50 rallied 147.40 points or 1.24 percent to 12,070.20.

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