BSE Sensex and NSE’s Nifty 50 traded higher on Tuesday. Photo: Mint
- Mumbai: BSE Sensex surged to a fresh record high on Friday following positive leads from global equities and continued capital inflows. However, the Sensex erased gains dragged my market heavyweights Kotak Bank, Reliance Industries and Tata Consultancy Services Ltd. In intraday trade, the 30-share index jumped over 180 points to hit an all-time high of 36,902.06. NSE’s Nifty 50 touched a peak of 11,143.40, merely 28 points shy of its all-time high of 11,171. The Indian rupee weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury yields. Meanwhile, foreign investors bought shares worth a net of Rs 259.37 crore, while local investors bought shares worth a net of Rs 124.82 crore on Monday, provisional data showed. Stocks gained across the Asian region, with the steepest advances in China and Hong Kong, as rising yields boost financial shares. Here are the latest updates from the markets: