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Nifty50 hits fresh record high

IANS  |  Mumbai 

The Nifty50 on the National touched a fresh record high of 11,763.20 on Tuesday as investor sentiments were boosted by a "near normal" forecast and a positive trade data.

Its previous high was 11,761.00, recorded on April 3.

At 9.51 a.m., it traded at 11,762.65, higher by 72.30 points or 0.62 per cent from the previous close of 11,690.35 points.

The Sensex was at 39,194.83, higher by 288.99 points or 0.74 per cent from the previous close of 38,905.84 points.

It had opened at 39,040.30 and so far touched a high of 39,198.23 and a low of 39,038.81 points.

The on Monday said that the south-west rains in 2019 will be near-normal with an expected rainfall of 96 per cent.

Rise in exports from the country, also boosted the investor sentiment.

India's merchandise exports grew 11.02 per cent, on a year-on-year (YoY) basis in March, to $32.55 billion from $29.32 billion reported for the corresponding month of last year, official data showed on Monday.

--IANS

rrb/ksk

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 10:08 IST
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