Mumbai Jan 23 (IANS) Key Indian equity indices on Tuesday escalated to record highs supported by healthy buying in metals banking and oil and gas stocks with the BSE Sensex closing above the 36 000-mark and the NSE Nifty50 above the 11 000-mark for the first time.
Market observers said the sentiments were uplifted by healthy quarterly corporate earnings along with International Monetary Fund s projection of India s healthy economic growth outlook and optimism over the Union Budget to be presented next week.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE surged over 300 points to a record intra-day high of 36 170.83 points.
At 3.30 p.m. the index closed at a new high of 36 139.98 points -- up 341.97 points or 0.96 per cent -- from its Monday s close at 35 798.01 points.
However the BSE market breadth was bearish as 1 545 stocks declined as against 1 380 advances.
At the National Stock Exchange (NSE) the broader Nifty50 provisionally closed above the 11 000-mark -- up 117.50 points or 1.07 per cent at 11 083.70 points.
The NSE Nifty50 scaled a new intra-day high of 11 092.90 points -- just a few points away from the 11 100-mark.
On Monday the Nifty50 closed at 10 966.20 points while the Sensex closed at 35 798.01 points.
--IANS
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