Sensex, Nifty hit record highs as Asian peers gain; US Fed meeting in focus

Benchmark market indices Sensex and Nifty have hit fresh record as gains in the broader market helped investors look past alarming rising in inflation.

Indian shares rose to all-time highs on Tuesday as gains in broader markets helped investors look past data that showed retail inflation hit a six-month-high, with the focus shifting to the outcome of the U.S. Federal Reserve's policy meeting later this week. The blue-chip NSE Nifty 50 index rose 0.39% to 15,873.15 and the benchmark S&P BSE Sensex climbed 0.46% to 52,781.57 by 9:17 am. India's retail inflation accelerated in May, at its fastest pace in six months as fuel and food prices rose at a higher pace.