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Nifty, Sensex close at record highs

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Indian shares settled higher for a fourth straight session on Tuesday and marked record closing levels, with conglomerate ITC Ltd and motorcycle maker Hero MotoCorp leading gains.

The NSE Nifty 50 Index ended 0.27 per cent higher at 12,362.30, while the S&P BSE Sensex index added 0.22 per cent to close at 41,952.63.

Broader Asian shares touched fresh peaks on Tuesday amid signs of improving relations between the United States and China, as the two countries prepare to sign a preliminary trade deal on Wednesday.

Also read: Asian shares rise ahead of US-China ‘phase one’ trade deal

In domestic markets, shares of ITC Ltd rose nearly 2 per cent and were among the top gainers on both NSE and BSE, while Hero MotoCorp added 2.2 per cent.

The Nifty Media index closed up 2.1 per cent, with shares of TV18 Broadcast surging over 16 per cent after the company posted a strong set of quarterly numbers.

Among decliners, Yes Bank tumbled over 13% and IndusInd Bank slipped 4.51 per cent.

Source: Thanks