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Sensex, Nifty soar on strong global cues

Equity Tips
The market has opened at new record high following strong global cues. The Sensex is up 48.58 points at 27958.64 and the Nifty is up 27.70 points at 8390.35. About 504 shares have advanced, 141 shares declined, and 27 shares are unchanged.

Coal India, Tata Power, Tata Steel, BHEL and Reliance are top gainers in the Sensex. Among the losers are Infosys, NTPC and Wipro.

The Indian rupee opened flat at 61.52 per dollar versus 61.55 Tuesday.The yen hovers around seven-year lows against the dollar early on reports that Prime Minister Shinzo Abe will call a general election in December.

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