Mumbai, Aug 30 (TIWN) The Indian stock market continued to scale new highs on Monday morning with the BSE Sensex soaring around 500 points and the Nifty50 crossing the 16,800-mark for the first time.

Sensex has touched a new high of 56,630.52, while the Nifty50 on the National Stock Exchange hit a record high of 16,854.70 points.

Around 10.10 a.m., Sensex was trading at 56,614.27, higher by 489.55 points or 0.87 per cent from its previous close of 56,124.72.