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Sensex above 39,000, Nifty tests 11,750

Tuesday,   16-Apr-2019   09:41 AM (IST)

Benchmark indices opened higher on Tuesday with BSE Sensex moving over 100 points higher and Nifty testing its highest-ever level. At 9:20 AM, the S&P BSE Sensex gained over 200 points, or 0.52 per cent, to breach the crucial 39,000 levels, with financials and IT stocks lifting the index. The broader Nifty50 gained over 50 points, or 0.47 per cent, to hover around 11,740 levels. In the broader market, the S&P BSE MidCap index was trading 39 points, or 0.25 per cent higher at 15,540, while the S&P BSE SmallCap index was ruling at 15,166, up 51 points, or 0.34 per cent. Among sectoral indices, the Nifty Metal index was the top gainer and was trading 0.86 per cent higher. Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses. MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed. Japan’s Nikkei nudged up 0.25 per cent.