Markets end at fresh lifetime highs; Sensex above 49,700

The 30-share Sensex advanced by 393.83 or 0.80 per cent to close at its fresh record of 49,792.12.  The broader NSE Nifty jumped 123.55 points or 0.85 per cent to settle at a lifetime high of 14,644.70. World stocks advanced on Wednesday after US Treasury Secretary nominee Janet Yellen called for a hefty stimulus to protect the US economy. President-elect Joe Biden, who will be sworn into office on Wednesday. Has laid out a USD 1.9 trillion stimulus package proposal to boost the economy.