Global cues, buying support lift Sensex to new high

Global cues, buying support lift Sensex to new high

The barometer index of the Indian equity market — S&P BSE Sensex — touched its new record high level during the early morning trade session on Wednesday.

Similarly, the the broader NSE Nifty50 also closed-in on its record high level during the trade session.

According to market analysts, healthy buying in healthcare, oil and gas and metal stocks supported the key indices upward movement.

Analysts also pointed out that expectations of healthy quarterly results, along with positive Asian markets boosted investors’ risk-taking appetite.

At 9.30 a.m., the 30-scrip S&P BSE Sensex, which had closed at 34,443.19 points on Tuesday, traded higher at 34,458.98 points, up by only 15.79 points or 0.05 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty quoted at 10,640.55 points, inched up by 3.55 points or 0.03 per cent.

On Tuesday — the last trade session — key equity indices closed in the positive territory as on the back of global cues, along with healthy buying in consumer durables, realty and FMCG stocks.

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