Benchmark indices climbed to new life time high on the back of early arrival of Monsoon and better than expected rain fall forecast in this year as the chances of al Niño gets minimized. Sentiment was also lifted by Asian stocks as they hit fresh-two year high on Tuesday on the back of an overnight rise in Wall Street. Nifty ended the day at 9519. PSU banks and IT stocks were the major gainers of the day while Metal and Media stocks were the losers for the day.
Global Markets Update
Asian stocks climbed to a fresh-two year high on the back of an overnight rise in Wall Street, while oil extended gains after major producers Saudi Arabia and Russia pledged to push for an extension of supply cuts into 2018.
Japan’s Nikkei share average edged up on Tuesday, drawing support from a sagging yen and a rise in U.S. shares to record highs.
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