BSE Sensex, Nifty hit record high on economy hopes

MUMBAI (Reuters) - The BSE Sensex rose as much as 2 percent to hit a record high on Tuesday after rival Nifty touched the milestone earlier in the day, as blue chips gained on hopes about the domestic economy.

The 30-share index rose as much as 2 percent to 28,829.29, surpassing the previous high hit on Nov. 28.

The broader Nifty earlier gained as much as 1.8 percent to record high of 8,707.90.

Broader gains were also helped as metal stocks advanced after China posted economic growth that was slightly better than expected, even though it was its slowest in 24 years.

 

Tata Steel Ltd advanced 4.6 percent, while Sesa Sterlite Ltd gained 5.9 percent.

(Reporting by Indulal PM; Editing by Biju Dwarakanath)