Sensex hits all-time high as Asian and US markets gain, FTSE 100 up with commodity stocks Business News

Indian indices rose slightly on Wednesday, helped by gains from their Asian peers, while metals and real estate stocks surged.

BSE Sensex hit another all-time high, adding 190 points, or 0.3%, to 56,100 levels, while Nifty was close to 16,700.

Asian markets traded mostly higher on Wednesday morning, followed by a positive session on Wall Street overnight as oil stocks surged. The Japanese and Chinese markets were in the green while South Korea and Hong Kong experienced some weakness mid-session.

All three major Wall Street indices ended positively overnight as the S&P 500 and Nasdaq Composite hit new all-time highs, ending up 0.5% and 0.2% respectively, while the Dow Jones Industrial Average ended almost flat with gains of 1%.

London’s FTSE 100 rose on Tuesday as commodity-related gains outweighed weakness in consumer staples and pharmaceutical stocks, as concerns eased over reduced central bank stimulus measures kept sentiment under control.

After falling 0.46%, the FTSE 100 index finished up 0.2%, helped by heavy mining stocks up 2.4%. Pharmaceuticals stocks limited the advances, however, which weakened 1.1 percent to become the losing sub-index.

Additional reports by agencies