The S&P BSE Sensex index jumped 236.03 points to touch an all-time high of 52,787.56 in the first few minutes of trade. The broader NSE Nifty50 benchmark climbed to as high as 15,878.75, up 66.9 points from its previous close.
IndusInd Bank was the top gainer among blue-chip stocks, trading 1.83 per cent higher in early deals. Tech Mahindra, Asian Paints, Tata Consumer, HCL Tech, Adani Ports and Britannia were among other top performers.
On the other hand, CIL was the top laggard, down 0.85 per cent. JSW Steel, Hindalco, Tata Motors, Dr Reddy’s, SBI Life and Cipla were among other losers in the Nifty50 universe.
Analysts awaited more Q4 earnings from India Inc for cues. Jubilant FoodWorks, Power Finance, Whirlpool, LIC Housing, Easy Trip Planners and Lemon Tree are among the companies slated to report their financial results on Tuesday.
Consumer inflation in the country accelerated to a six-month high in May on the back of pricey food and fuel, while wholesale inflation during the month hit a fresh high of 12.9 per cent.
Meanwhile, equities in other Asian markets were largely mixed on Tuesday despite record highs on Wall Street overnight. All eyes were on the US central bank’s two-day policy meeting starting later in the day.
Japan’s Nikkei climbed 0.78 per cent, South Korea’s Kospi 0.08 per cent and Australia’s ASX 200 1 per cent. On the other hand, Hong Kong’s Hang Seng fell 1.16 per cent and China’s Shanghai Composite 1.1 per cent.
Overnight on Wall Street, technology stocks helped lift benchmark indices, nudging the S&P500 index to its third straight all-time high, even as other parts of the market faltered. S&P500 rose 0.8 per cent and Nasdaq 0.7 per cent, although Dow Jones fell 0.02 per cent.
THIS IS A DEVELOPING STORY. MORE TO COME…
