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Sensex surges 270 points, breaches 40,500 mark

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

WION Web Team New Delhi, India Nov 06, 2019, 01.55 PM (IST)

BSE Sensex on Wednesday noon hit a fresh high breaching the 40,500, surging around 270 points. 

Earlier in the day, equity indices opened in red in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

At 10:15 am, the BSE S&P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower by 58 points to 11,859.

On Monday, Indian shares jumped extending gains to a seventh straight session, boosted by the government's plan to offer more capital to finance the country's infrastructure needs and reports of further tax reforms, news agency Reuters reported.