Sensex at record high led by oil, banking stocks; Nifty 50 above 11,000

Sensex positive Photograph:( PTI )

WION Web Team Mumbai, Maharashtra, India Jul 12, 2018, 09.29 AM (IST)

The markets have opened higher on Thursday taking cues from their Asian peers amid concerns of an escalation in US-China trade row.

BSE Sensex traded higher by 189.68 points, or 0.52%, to 36,455.61, while the Nifty 50 rose 58.65 points, or 0.54%, to 11,006.95.

All sectoral indices are trading in the green, with maximum gains in PSU banks, energy and metal names, while midcaps, too, are trading almost a per cent higher. 

Shares rallied over positive cues from Asian markets and ahead of key inflation data. 

Asian stocks posted modest gains after a bruising sell-off in the previous session, despite lingering concerns around escalating US-Chinese trade war. 

The dollar held an advance and crude oil steadied after its biggest plunge in two years.

On Wednesday, Sensex and Nifty managed to close in green while mid-cap stocks, auto shares, PSU bankers and metals finished with moderate to heavy losses.

  • delete