Sensex, Nifty trade at record highs; Auto, metal stocks lead

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Mumbai: Benchmark indices BSE Sensex and NSE’s Nifty 50 soared to fresh record highs on Friday as first-quarter earnings boosted investor sentiment amid mixed global cues.

In intraday trade, BSE Sensex surged 342.36 points to a fresh record high of 37,327, while the Nifty 50 rose 89.05 points to a new high of 11,256.35. The Indian rupee strengthened for third sessions against US dollar tracking gains in local equities and Asian currencies. Asian stocks traded mixed following Wall Street as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between US and Europe. Oil prices extended their recovery, after Saudi Arabia suspended oil shipments through a strait in the Red Sea following an attack on two oil tankers. Here are the latest updates from the markets: