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Uptrend continues as Sensex, Nifty end at fresh record highs

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The 30-share BSE Sensex ended 112.18 points up at a new high of 37,606.58, on Tuesday while the broader Nifty 50 ended 36.95 points higher at a record 11,356.50 led by Reliance Industries and supported by IT, energy, metal and pharma stocks.

In intraday trade, Sensex rose 150.19 points to a new high of 37,644.59, while the Nifty 50 gained 46.45 points to an all-time high of 11,366, ahead of the Reserve Bank of India’s monetary policy decision on Wednesday.

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The fiscal deficit rose in June inching closer to the government’s budgetary estimate for financial year 2018-19. But it remained lower than what it was during the same period last year.

Fiscal deficit, the gap between the government’s revenue and expenditure, rose to Rs 4.29 lakh crore at the end of June, according to data released by the Controller General of Accounts. That’s 68.7 percent of the targeted Rs 6.24 lakh crore in 2018-19.

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