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		The benchmark indices extended gains to hit fresh highs in the afternoon trade thanks to gains in index heavyweights such as HDFC, ITC and Hindustan Unilever. However, a string of weak quarterly results, including from Sun Pharmaceutical Industries and Reliance Communications, capped gains.</div>
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		At 1:40 pm, the S&P BSE Sensex was trading at 31,190, up 162 points, while the broader Nifty50 was ruling at 9,630, up 35 points.&nbsp;</div>
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		In intraday trade, the 30-share Sensex rallied 186 points to hit its all-time high of 31,214, while the broader 50-share Nifty gained 42 points to touch its lifetime high of 9,637.</div>
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		In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices snapped two-session long rally to lose 0.5% and 1%, respectively.&nbsp;</div>
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		The breadth, indicating the overall health of the market, was weak. On the BSE, 1,569 shares declined and 865 shares rose. A total of 149 shares were unchanged.</div>
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		Healthcare stocks were the biggest drag on the index, after Sun Pharmaceutical Industries fell as much as 13.2% to a near four-year low after the company on Friday reported a 14% fall in March-quarter profit.</div>
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		The company said its US sales may fall this year on lower drug prices.</div>
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		Shares of Reliance Anil Dhirubhai Ambani Group (ADAG) companies came under severe pressure, falling by up to 24% on BSE in intra-day trade on concerns whether the group would be able to repay the high debt to banks and poor March-quarter results.&nbsp;</div>
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		Reacting to poor Q4 results, the stock of RCom tanked nearly 24% to Rs 19.70, also its record low on the BSE. Reliance Infrastructure, Reliance Capital, Reliance Power and Reliance Defence, the other ADAG group stocks, too have fallen in the range of 4% to 8% on BSE.</div>
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		Meanwhile, construction company PSP Projects lost as much as 9.5% on a weak debut.</div>
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		Software services provider Tech Mahindra hit over 3-1/2 year low after posting a 33% fall in consolidated profit for the March-quarter, missing analysts&#39; estimate.</div>
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		Overseas, Asian stocks handed back earlier modest gains and drifted lower. MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was down 0.2%. Taking cues after the S&P 500 and Nasdaq scraped to record closing highs, it had earlier risen towards a two-year peak marked on Thursday.</div>
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		Japan&#39;s Nikkei edged up 0.1% while weaker commodities pushed down Australian shares 0.5%. The closure of Chinese, British and US markets on Monday deprived investors of potential catalysts and kept overall trading subdued.</div>
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		Brushing aside a North Korean missile launch, South Korea&#39;s KOSPI initially touched an intraday record high before pulling back 0.1%.</div>
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S&P BSE Midcap and the S&P BSE Smallcap indices snapped two-session long rally to lose 0.5% and 1%

Sensex, Nifty extend gains to hit fresh highs; broader market still down

S&P BSE Midcap and the S&P BSE Smallcap indices snapped two-session long rally to lose 0.5% and 1%