Sensex hits record high of 38,210.94 and Nifty breaches 11,500 mark

MUMBAI: The Sensex advanced by 263.06 points or 0.69 per cent to hit a new high of 38,210.94, breaking its past record on Aug 9 of 38,076.23 .

NSE Nifty went past the 11,500 mark for the first time on Monday. By surging 46.50 points or 0.40 percent to 11,517.25, breaking its previous high of 11,495.20 on August 9.

Fresh inflows by foreign funds and persistent buying by domestic institutional investors and rupee recovery also boosted investors sentiment here. Strong gains in capital goods, metal, infrastructure, PSU, oil and gas, healthcare, auto and banking stocks.

Infosys, Bharti Airtel, ITC and TCS were trading in the red, which are falling up to 2 per cent. Hong Kong’s Hang Seng rose 0.38 per cent, while Shanghai Composite Index gained 0.15 per cent in their early deals. Japan's Nikkei, however, fell 0.33 per cent. The US  Dow Jones industrial Average ended 0.43 per cent higher.

“Positive cues from other Asian markets, tracking gains on the Wall Street fuelled by hopes for an easing of the trade row between the China and the US, influenced sentiments here,” said Traders.