Sensex, Nifty hit record highs in early trade, auto stocks gain

Equity benchmark indices opened at record highs on Tuesday, tracking positive cues in the international markets.

While the Sensex hit an all-time high of 38,402 rising 124 points from yesterday's close, the Nifty rose 30 points to a new peak of 11,581 after climbing 30 points from its previous close. The BSE midcap and small-cap indices were trading 0.40% and 0.26% higher, respectively.

At 9.21 am, the BSE Sensex was trading 27.19 points or 0.07% higher at 38,305.94, whereas the broader NSE Nifty was up 16.85 points or 0.15% to 11,568.60.

The rupee too opened higher by 17 paise at 69.65 today compared to Monday's close of 69.82 level to the dollar.

(With inputs from agencies)