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Nifty approaches record high, tracking Asian shares

Nifty hits a record high of 7,968.25 in early trade

Mumbai: The Nifty is trading in the green, approaching record high of 7,968.25 hit on Monday. The broader index was up 0.34 per cent. Blue-chips gain, tracking stronger Asian markets on speculation of further stimulus in the Euro Zone. Foreign investors bought Indian shares worth of $60.4 million on Tuesday, totalling nearly $13 billion in 2014 so far.

ICICI Bank Ltd gains 2.3 per cent, Tata Motors Ltd is up 1.7 per cent. Indian companies with significant sales to Europe gain: Havells India Ltd surges 4.8 per cent. India's April-June growth data, balance of payment and derivative expiry on watch.

( Source : reuters )
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