Continuing its record-breaking spree for the fourth session in a row, the benchmark BSE Sensex today hit another life-time high of 25,711.11 on sustained capital inflows as the new government unveiled its agenda for economic reforms.
The 30-share index Sensex, which had gained nearly 775 points in the previous three sessions, up by another 130.90 points, or 0.51 per cent, to trade at fresh record high of 25,711.11 in the opening trade today. The gauge had touched intra-day high of 25,644.77 yesterday.
The NSE Nifty also maintained its record run by gaining 28.60 points, or 0.37 per cent, to hit a new all-time high of 7,683.20, surpassing its previous intra-day high of 7,673.70 reached yesterday.
Stock brokers said sustained buying by foreign funds and other participants, after Narendra Modi-led government promised investor-friendly reforms and measures to revive country’s economic growth, helped the key indices – Sensex and Nifty – to continue their record-breaking spree.
Further, a mixed trend in other Asian markets and overnight gains on US bourses on the back of economic optimism influenced the trading sentiments here, they said.
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Among other Asian markets, Japan’s Nikkei shed 0.44 per cent, while Hong Kong’s Hang Seng was up 0.31 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.11 per cent higher in yesterday’s trade.