Sensex vaults 255 points to new peak

Mumbai: The Sensex started to capitalise on earlier gains by jumping 81 points to 31,393 today as rising Asian shares kept the pitch conducive to buy more.

The 30-scrip Sensitive index (Sensex) of the BSE, which opened at 31,168.98 points, traded at 31,220.24 points - up 163.84 points or 0.53 per cent from its previous close at 31,056.40 points. The response was thanks to positive global cues and healthy buying in banking, metal and capital goods stocks.

Market saw a strong bullish trend on Monday where Sensex closed at a record high and Nifty once again crossed the 9,650-mark.

The dollar firmed up and U.S. Treasury yields rose after a top Federal Reserve official emphasized the central bank's plan to normalize monetary policy. Meanwhile, Nifty rose by 69.50 points or 0.72 per cent to close at 9,657.55 points on Monday. Japan's Nikkei 225 has surged 225 points; Hong Kong's Hang Seng has shed 13 points, while China's Shanghai Composite has slipped 4 points.

Continuing previous day's gains, the Indian equity markets on Tuesday traded on a flat-to-positive note - marginally in the green - during the morning session.

U.S. stocks rose overnight, with both the Dow and the S&P 500 ending at new records, as technology shares rebounded from a recent bout of sharp weakness to lead the market higher.

Japan's Nikkei rose more than 1 per cent to a near two-year high on Tuesday, encouraged by rebound in United States hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.