New Delhi, August 20: The equity markets started off on a positive note this week as both Sensex and Nifty touched to an all-time new high. After opening above the crucial 11,500 mark for the first time ever, the Nifty hit a record high of 11,545.30. The S&P BSE Sensex also reached a fresh peak of 38,266.95 and it is currently trading at 38,234.
According to a Reuters report, the Asian share markets moved cautiously higher as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan moved away from dangerous lows. The US markets finished on a higher note on Friday as investors awaited developments on proposed US-China trade talks while keeping a hawkish eye on the Chinese yuan and Turkish lira.
On Friday, Nifty50 closed at a record 11,470.75 level while the Sensex at 37,947.88. The positive Asian markets boosted sentiments on the domestic bourses.
(With additional inputs from Reuters)