Equity indices touch fresh highs as rupee strengthens

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Mumbai, Aug 21 (IANS) An appreciation in the Indian rupee lifted the key equity indices — S&P BSE Sensex and the NSE Nifty50 — to fresh intra-day highs during the morning trade session on Tuesday.

The BSE Sensex touched a high of 38,402.96 points, while the Nifty50 climbed a peak of 11,581.75 points.

However, broadly negative Asian markets and fears over rise in trade protectionist measures subdued the key indices soon after.

Around 9.35 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,551 points — inched-down by 0.75 points or 0.01 per cent — from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,360.32 points, traded at 38,260.74 points — lower by just 18.01 points or 0.05 per cent — from its previous session’s close of 38,278.75 points.

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Sensex has so far touched a low of 38,251.01 points during the intra-day trade.

–IANS

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