New Delhi, August 20: The equity markets started off on a positive note this week as both Sensex and Nifty touched to an all-time new high. After opening above the crucial 11,500 mark for the first time ever, the Nifty hit a record high of 11,545.30. The S&P BSE Sensex also reached a fresh peak of 38,266.95 and it is currently trading at 38,234.

According to a Reuters report, the Asian share markets moved cautiously higher as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan moved away from dangerous lows. The US markets finished on a higher note on Friday as investors awaited developments on proposed US-China trade talks while keeping a hawkish eye on the Chinese yuan and Turkish lira.

On Friday, Nifty50 closed at a record 11,470.75 level while the Sensex at 37,947.88. The positive Asian markets boosted sentiments on the domestic bourses.

(With additional inputs from Reuters)

(The above story first appeared on LatestLY on Aug 20, 2018 11:30 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).