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Sensex, Nifty Settle At Fresh Record Highs

Indian shares extended their recent winning streak to close at fresh record highs on Tuesday as firm global markets and growing optimism about India's economic recovery boosted investor sentiment.

The benchmark BSE Sensex jumped 341.97 points or 0.96 percent to 36,139.98 while the broader Nifty index ended up 117.50 points or 1.07 percent at 11,083.70.

Metal stocks led the surge, with Tata Steel, Hindalco and Vedanta rising 4-5 percent. PSU lender SBI jumped 3.9 percent while gas utility GAIL advanced 4.5 percent.

Globally, Asian stocks rose broadly and European markets extended gains from the previous session after the three-day U.S. government shutdown ended and the Bank of Japan maintained its massive monetary stimulus program, helping ease worries that it might shift toward a tighter policy.

The U.S. House and the Senate voted Monday to end the government shutdown and subsequently passed a bill to fund the government for about three weeks after Senate majority leader Mitch McConnell promised to address the fate of young immigrant 'Dreamers.'

Global markets shrugged off news that the U.S. will impose steep tariffs on imported washing machines and solar panels.

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