Stock market highlights: The Sensex surged to fresh record high on Tuesday, but pared gains in the afternoon trade. The Sensex closed at 39,056.65, while the Nifty ended above the 11,700-mark. Intra-day, Sensex zoomed 250 points to hit fresh record high of 39,121.69. Tata Motors shares gained nearly 6% to close at Rs 198.40. Bharti Airtel shares gained by more than 5% to close at Rs 357.55, to emerge among the biggest Sensex gainers.
Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent to a seven-month high after rallying more than one per cent in the previous session, Reuters reported. We bring to you LIVE updates.