Surge in markets continue, Sensex within sight of 39,000-mark

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NEW DELHI: The surge in markets stayed unabated on Tuesday with the Sensex breaking into within 100 points of the 39,000-mark in intra-day trading.
The 30-share BSE index eventually finished at 38,896.63, another closing high, up 202.52 points from previous closing mark. The index hit an all-time high of 38,938.91 in intra-day trading.
The broader 50-share NSE Nifty went past the 11,750-mark, before settling at 11,738.50, up 46.55 points, at the closing bell.
Both the gauges gained to the tune of half a per cent each.
The markets were buoyed by positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA).
“Majority of the macro factors are in favour, the results that came out this quarter were in line with expectations. The likes of IT and Pharma are doing well now, thanks to the dollar,” said Sudhakar Pattabiraman, Head of Research Operations, William O’Neil India to news agency Reuters.
The Nifty metal sub-index gained nearly 2 per cent while Nifty IT rose half a per cent. The PSU Bank sub-index however, shed nearly 2 per cent.