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Nifty hits 11,000 for first time, Sensex touches 36,000: 5 key points to know

At 9:51 AM, the Sensex was trading at 36,028.51, up by 230.50 points, while Nifty was trading at 11,038.90.

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Key indices on Tuesday touched fresh new highs, bringing the cheers on the Dalal street. Nifty in early trade opened at 10,997.40, quickly going on to hit a high of 11,023. The Sensex also gained over 100 points.

The Sensex then went on to hit an all-time high of 35,9997. 

At 9:51 AM, the Sensex was trading at 36,028.51, up by 230.50 points, while Nifty was trading at 11,038.90. 

Here are the five key points you should know about today's high: 

1. Continuing its bull run, Sensex took only 17 sessions to get from the 34,000 mark to the 35,000 mark.

2. The reason behind the record high is that at home, markets track sharp gains seen in other Asian markets after the US government passes a temporary funding bill that ended shutdown in the world's largest economy.

US lawmakers passed a short-term measure on Monday to fund the federal government through Feb. 8.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to a fresh record peak.
Australian stocks climbed 0.7 percent and South Korea's KOSPI added 1 percent. Japan's Nikkei was 1.1 per cent higher.

Hong Kong stocks climbed on Tuesday morning to an all-time peak, underpinned by a combination of gains in financial and IT firms as well as record highs on Wall Street after US senators struck a deal to end a three-day government shutdown. 

In Hong Kong, the sub-index of the Hang Seng index tracking energy shares rose 0.6 percent while the IT sector rose 1.4 percent. The top gainer on Hang Seng was Geely Automobile Holdings Ltd up 8.91 percent, while the biggest loser was Sunny Optical Technology Group Co Ltd which was down 1.50 percent.

3.Among the top gainers were Axis Bank, whose stocks surged around 2 per cent and BHEL, Coal India, IOC and Yes Bank while Hero MotoCorp, Asian Paints, HUL, and were the top losers.  

4. Meanwhile, before the Prime Minister Narendra Modi's key address in Davos at the World Economic Summit, the International Monetary Fund (IMF) said India's growth will pick up in FY19. With that, India will regain the tag of fastest-growing major economy, backing the government's revival theme. 

Bringing relief to the Modi government, just before the Budget session, IMF also said 2017 saw the best global growth in seven years. 

5. The bank’s Q3 earnings beat analyst expectations, with improvement in asset quality performance.

Profit during the quarter grew by 25.3 percent year-on-year to Rs 726.4 crore despite fall in other income & operating income, driven by lower provisions and higher net interest income.

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