The bulls pushed the domestic equity indices to new highs in early trade on Tuesday, buoyed by positive news on the US-China trade war front.
NSE flagship Nifty scaled new peak at the opening tick and crossed the previous high of 12,103. The index was up 50 points at 12,123. Meanwhile, BSE barometer Sensex also scaled Mount 41,000 and was trading at 41,089, up 200 points.
Broader market indices moved in tandem with their headline peers as Nifty Midcap advanced 0.50 per cent to 17,146. Nifty Smallcap added 0.49 per cent to 5,772 and Nifty 500 was at 9,846.
Zee Entertainment slipped 8 per cent to Rs 314.85 after Subhash Chandra resigned as chairman. Bharti Infratel was the biggest Nifty loser, down 4.48 per cent at Rs 238.95.
Among sectors, Nifty Media was the sole loser on NSE, shedding 2.16 per cent. Rest of the indices were trading in the green with Nifty PSU Bank being the biggest gainer, up 1.5 per cent.
Among Sensex stocks, Bharti AirtelNSE -3.39 % was the biggest loser, down 2.57 per cent at Rs 439.70. YES BankNSE 3.22 % was the biggest gainer on the index, up 1.73 per cent at Rs 64.80.
Reliance Industries, which hit an all-time high of Rs 1,576 in the opening tick, traded close to Rs 10 lakh crore valuation. The scrip was up 0.7 per cent at Rs 1,571.
Globally, Asian stocks rose on Tuesday, bolstered by Wall Street’s record closing highs and signs of new momentum in Beijing’s and Washington’s efforts to end their long and acrimonious trade dispute.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent to a one-week high. Australian shares were up 0.9 per cent, while Japan’s Nikkei stock index rose 0.91 per cent.