Markets at all-time highs: Sensex up 150 points, Nifty nears 9,450

The benchmark indices extended gains to trade at  record highs on Tuesday tracking mixed trade in Asian markets and record closing on Wall Street. The 30-share Sensex rose as much as 196 points to notch its fresh high of 30,518, while the 50-share Nifty rallied 47 points to its lifetime high of 9,492. Last time, both the indices had hit their record highs on May 11. At 9:41 am, the S&P BSE Sensex was trading at 30,487, up 165 points, while the broader Nifty50 was ruling at 9,483, up 38 points. In the broader market, the S&P BSE Midcap index and the S&P BSE Smallcap index added 0.2% and 0.4%, respectively. "Going ahead, it would merely be a formality to hit new record highs. We continue with optimistic stance on the market and expect projected level of 9,600 (target of ‘Bullish Flag’ pattern) quite soon. For the coming session, the support zone of 9,400-9,377 remains unchanged," said brokerage Angel Broking.  Commodity Trading Tips