Equity indices touch new highs; auto stocks zoom

Mumbai: Positive global cues pushed the key domestic equity indices to new intra-day high levels on Tuesday.

Accordingly, the S&P BSE Sensex touched a fresh high of 38,920.14 points.

Similarly, the NSE Nifty50 reached a new record high of 11,760.20 points.

Market observers credited the easing of global trade tensions and healthy buying in metal, auto and IT stocks as factors which pushed the key indices higher.

Around 1.10 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,746.15 points - higher by 54.20 points or 0.46 per cent -- from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,814.76 points, traded at 38,907.35 points -- higher by 213.24 points or 0.55 per cent -- from its previous session's close of 38,694.11 points.

Sensex touched a low of 38,760.58 points during the intra-day trade.