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Sensex, Nifty Log Fresh Record Highs

Indian shares hit fresh record highs on Tuesday, with firm global cues and hopes of faster domestic economic recovery boosting sentiment.

Cues from Asia and Europe were positive amid expectations the Federal Reserve will reaffirm its ultra-loose policy at the end of a two-day policy meeting starting later today.

Many Indian states eased coronavirus restrictions as the country reported the lowest daily spike in infections since March 31 with 60,471 new cases in the last 24 hours.

With focus shifting to economic recovery, investors shrugged off data that showed retail inflation hit a six-month high in May.

The benchmark 30-share BSE Sensex rose 221.52 points, or 0.42 percent, to 52,773.05 - marking a record closing higher for the third straight session.

The broader NSE Nifty index ended the session up 57.40 points, or 0.36 percent, at 15,869.25.

Asian Paints topped the gainers list to rise nearly 3 percent, while Hindustan Unilever, ICICI Bank, Axis Bank and HDFC Life gained 1-2 percent.

Adani Group stocks ended mostly lower despite a clarification from NSDL that the status of demat accounts of three foreign portfolio investors accounts - Albula Investment Fund, Cresta Fund and APMS Investment Fund - are in 'active' status in NSDL system.

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