Mumbai (NVI): Indian equity markets opened on a positive note on November 4 as the benchmark Sensex touched a new all time high of 40,434.83 during the early trade as a result of strong inflow of foreign funds and better then expecting earnings post the corporate tax cut.
The Sensex surged nearly 250 point gaing for the seventh straight session even as the global markets also gain after US, and China indicated an early resolution of their trade disputes.
Nifty was also trading higher by 81.70 points at 11,972.30, slightly lower from its 52 week high of 12,103.05.
Meanwhile, Rupee opened 16 paise higher at 70.65 against the US dollar in early trade as easing crude prices and sustained foreign fund inflows strengthened investor sentiments.
The S&P BSE Sensex index had jumped to a then all time high of 40,392.22 on October 31.
-sb
