Sensex and Nifty 50 traded higher on Wednesday . Photo: Mint
- Mumbai: BSE Sensex and NSE’s Nifty 50 gained on Wednesday following positive cues from Asian stocks amid ongoing earnings season. In intraday trade, Sensex surged 231.25 points to a new high of 37,897.05 and the Nifty 50 advanced 62.35 points to a fresh record high of 11,451.80. The Indian rupee was trading marginally higher against the US dollar, tracking gains in local equity markets. Asian stocks were broadly higher as investors looked past protectionism tussles and followed US stocks approaching fresh all-time highs. Oil prices rose on the back of worries about the trade row and a drop in Saudi Arabian output. Meanwhile, FIIs purchased shares worth Rs 314.83 crore on net basis on Tuesday, while DIIs sold shares worth Rs 319.9 crore. Sensex and Nifty 50 closed flat in the previous session. Here are the latest updates from the markets: