Sensex, Nifty break into new highs ahead of earnings

Markets pulled off a record on Tuesday back to back as both the Sensex and the Nifty ended at new life highs on earnings optimism amid positive global leads.

RegulatorSEBI’s new norms on P-notes took markets higher, but stocks could not go the whole hog in view of caution due to U.S. Fed’s testimony on Wednesday, which is expected to provide timing on balancesheet trimming.

Stability returned after Monday’s glitch and investors are looking



forward to corporate quarterly earnings with a sense of optimism.

The BSE 30-share Sensex settled higher by 31.45 points, or 0.10 per cent, at 31,747.09 — a new all-time high. The broader Nifty gained 15 points, or 0.15 per cent, to finish at a fresh record of 9,786.05.

There are expectations that key macro data such as inflation and industrial production — slated for on Wednesday — will be encouraging, which accelerated the buying pace.