Markets gain for 7th day, Sensex rises 268 points, Nifty tops 11,500

The Sensex and the Nifty rose for the seventh straight session on the back of strong buying from overseas investors. The bench­mark indices are now less than 2 per cent shy of surpassing their all-time highs registered on August 28, 2018. On Tuesday, the Sensex rose 268 points, or 0.7 per cent, to close at 38,363, while the Nifty50 index gained 70 points, or 0.6 per cent, to end at 11,532.

Most global markets remained positive on Tuesday ahead of the US Federal Reserve’s two-day meeting. Risky assets have been bolstered on optimi­sm that the central bank will maintain a dovish