Sensex hits record closing high; metal stocks surge
Sensex fell by 29.22 points or 0.12% in the intra-day trade after the Reserve Bank of India (RBI) kept the key policy rates unchanged on Tuesday.business Updated: Jun 03, 2014 16:59 IST
The BSE Sensex rose to a record close on Tuesday as metal firms such as Tata Steel surged on improving China's factory and services data, with sentiment also supported after the central bank kept rates on hold and toned down its inflation rhetoric.
Tata Steel provisionally rose 6.7% while Sesa Sterlite ended higher 6%.
The benchmark BSE Sensex provisionally rose 0.7%to a record closing high of 24,858.59, surpassing its previous milestone set on May 26.
The broader Nifty gained 0.7%to a record closing high of 7,415.85, surpassing its previous record hit on May 23.