Sensex hits record high while Asian and US markets gain, FTSE 100 up with commodity stocks

Metal stocks help Sensex hit all time record high on Wednesday while FTSE 100 surges

File image: FTSE 100 inches ahead with the helo of commodity stocks (Getty Images)

Indian indices edged higher on Wednesday helped by gains in Asian peers, while metal and realty stocks surged.

The BSE Sensex hit another record high, adding 190 points, or 0.3 per cent, at 56,100 levels, while Nifty was close to 16,700.

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

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

London’s FTSE 100 rose on Tuesday as commodity-related gains outweighed weakness in consumer staples and pharmaceutical stocks while easing worries about central banks tapering stimulus kept sentiment in check.

After falling as much as 0.46%, the FTSE 100 index ended 0.2 per cent higher, helped by heavyweight mining stocks up 2.4 per cent. Limiting the advances, however, were pharmaceutical stocks that weakened 1.1 per cent to be the top losing sub-index.

Additional reporting by agencies