The Indian equity indices surged to fresh record highs on Tuesday morning with the NSE Nifty50 crossing the 13,000 mark for the first time ever.

Nifty has touched a record high of 13,029.50 points, while the BSE Sensex hit an all-time high of 44,422.26.

Prime Minister Narendra Modi on Tuesday interacted via video conferencing with chief ministers of states that are witnessing a surge in coronavirus cases to review the COVID-19 situation.

The leaders attending the meeting include Home Minister Amit Shah, Health Minister Harsh Vardhan, Rajasthan Chief Minister Ashok Gehlot, West Bengal Chief Minister Mamata Banerjee, Maharashtra Chief Minister Uddhav Thackeray, Chhattisgarh Chief Minister Bhupesh Baghel and Gujarat Chief Minister Vijay Rupani.

Shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 731, up 4 per cent on the BSE in the early morning trade on Tuesday on the expectation of a strong business outlook. In the past one week, the stock has outperformed the market by gaining 14 per cent, as compared to a one per cent rise in the S&P BSE Sensex.

M&M, on November 17, said that the company’s Farm Equipment Sector (FES) will manufacture a new tractor series called the ‘K2’, exclusively at the company’s tractor manufacturing facility at Zaheerabad in Telangana.

The rupee appreciated 21 paise to 73.90 against the US dollar in the opening session on Tuesday, tracking strong opening in domestic equities and weak American currency.

Traders said investor risk sentiment improved amid growing hopes of an early rollout and efficacy of COVID-19 vaccines.

Shares of Bharti Infratel surged 9 per cent to Rs 238 on the BSE on Tuesday, rallying 28 per cent in the past three trading days after the company completed merger with Indus Towers to create a mega tower company (renamed Indus Towers). The stock hit a 52-week high of Rs 295.75 in December 2019.

According to a regulatory filing, the merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed, and Vodafone Idea has received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus.

Television actor Ashiesh Roy passed away on Tuesday at the age of 55. The actor has been suffering from kidney ailment during the coronavirus lockdown and in shocking news breathe his last after struggling for life. Amit Behl, who is the Senior Joint Secretary of CINTAA confirmed the news to The Times of India about Ashiesh's death. He said, Ashiesh has passed away in his house. Director Arvind Babbal called to inform me about it.

India on Tuesday successfully test-fired a land-attack version of the BrahMos supersonic cruise missile from the Andaman and Nicobar Islands territory, sources said.

The supersonic cruise missile was test-fired at 10 am on Tuesday and it successfully hit its target, which was on another island, they added.

India has started sharing the evidence of Pakistan's involvement in the Nagrota terror attack with the international community.

India's foreign secretary Harsh Shringla briefed the first set of foreign envoys of Pakistan's involvement in the Nagrota terror attack, giving them detailed evidence of how Islamabad continues to support cross border terror.

After weeks of defiance, President Donald Trump on Monday allowed officials to proceed with a transition to President-elect Joe Biden, giving his Democratic rival access to briefings and funding even as he vowed to persist with efforts to fight the election results.

Trump, a Republican, has alleged widespread voter fraud in the November 3 election without providing evidence. Although he has not acknowledged Biden’s victory since the former vice president clinched the Electoral College more than two weeks ago, Trump’s announcement on Monday was the closest he has come to admitting defeat.

The Cyclone Nivar is expected to make landfall in Tamil Nadu on November 25 (Wednesday), the Regional Meteorological Centre of Chennai said. However, rainfall is expected to start from November 24 in Tamil Nadu and Puducherry and will remain till November 26.

The depression over south-west Bay of Bengal to intensify in the south-east of Chennai, it is very likely to intensify into a cyclonic storm, based on the current conditions it will approach north Tamil Nadu and Puducherry coast and expected to landfall between Karaikal and Mahabalipuram by November 25 afternoon, said Director-General of Regional Meteorological Centre of Chennai, S Balachandran.

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