Bull run goes on! Nifty hits 11,000, Sensex 36,000 for first time ever
In early trade, the Sensex gained as much as 192 points to 35990, while the broader Nifty50 added 56 points to touch its fresh peak of 11,023
The benchmark indices hit fresh highs on Tuesday with the Nifty50 moving past 11,000 for the first time tracking positive trend in global markets after Asian markets advanced as US senators struck a deal to end a three-day government shutdown, sending Wall Street’s main indexes to record highs and keeping the dollar well supported.
Back home, International Monetary Fund (IMF) forecast India to grow 7.4 per cent in FY19 against 6.7 per cent this year, gaining pace to 7.8 per cent in FY20, in its January update of the World Economic Outlook: Brighter Prospects, Optimistic Markets, Challenges Ahead that was released simultaneously in Davos and Washington.
At 9:19 am, the S&P BSE Sensex was trading at 35,868, up 70 points, while the Nifty50 was ruling at 10,997, up 31 points.
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In early trade, the Sensex gained as much as 192 points to 35990, while the broader Nifty50 added 56 points to touch its fresh peak of 11,023.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap advanced up to 0.7 per cent.
Meanwhile, volatility index India VIX hits its fifth week high, up over 4 per cent.
Overseas, Asian markets were trading higher. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent to a fresh record peak.
Australian stocks climbed 0.7 per cent and South Korea's KOSPI added 0.5 per cent. Japan's Nikkei was 0.45 per cent higher.
On Wall Street, The Dow Jones Industrial Average rose 142.88 points, or 0.55 per cent, to 26,214.6, the S&P 500 gained 22.67 points, or 0.81 per cent, to 2,832.97 and the Nasdaq Composite added 71.65 points, or 0.98 per cent, to 7,408.03.