Friday, May 29, 2015

BSE Sensex, NSE Nifty hit record highs on Narendra Modi hopes, inflation

Sensex rises 288 pts to end at new record high of 26,390.96.

BSE Sensex likely to open higher on strong FII flows. Reuters BSE Sensex likely to open higher on strong FII flows. Reuters
By: Reuters | Mumbai | Published on:August 18, 2014 4:01 pm

 

NSE Nifty index rose over 1 percent on Monday to a record high as blue-chips such as ICICI Bank surged after Prime Minister Narendra Modi vowed to fire up the bureaucracy to deliver results in his Independence Day speech , while easing wholesale inflation also helped.

 

The broader 50-share index rose as much as 1.14 percent to 7,880.50, surpassing its previous all-time high of 7,840.95 hit on July 25.

 

ICICI Bank rose 3.6 percent, while Larsen & Toubro (L&T) advanced 2.2 percent.

 

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