Indian benchmark indices made a stellar start on Tuesday amid upbeat global stocks.
The Sensex and Nifty were both at fresh all-time highs of 41,092 and 12,125, respectively. (9.20 AM)
Sectorally, all indices except Nifty Media traded higher. Nifty Media was dragged by ZEE Entertainment Enterprises Ltd, the board of which completed the process of reconstitution and appointed three new independent directors in lieu of two independent and one nominee Director of Essel Group, namely Mrs. Niharika Vora, Mr. Sunil Sharma and Mr. Subodh Kumar, respectively. Subhash Chandra stepped down as Chairman of the board.
Nifty Metal, PSU, and Pharma were the frontrunners in morning trade. Top gainers included Tata Steel, Hindalco, and ICICI Bank, while top losers were Bharti Infratel, Bharti Airtel, and Nestle.
Elsewhere, Asian equities soared on Tuesday with news on trade talks of Beijing with Washington adding to signs of progress. US benchmarks also recorded new highs.
Oil prices were steady above $63/bbl on Tuesday after positive trade comments from the US and China added to optimism.
Meanwhile, the Indian rupee opened higher by 5p at 71.68/$ on Tuesday vs. its previous close of 71.73/$.
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