Pre-Budget cheer on Dalal Street: Sensex, Nifty hit record highs

Stocks continued their upward sprint for the fourth straight day Tuesday with the benchmark BSE Sensex scaled another peak of 28,829.29 and the NSE Nifty climbed to new high 8,707.90 in afternoon trade, led by a rally in metal, banking, realty, FMCG and oil & gas stocks.

Zee Media Bureau

Stocks continued their upward sprint for the fourth straight day Tuesday with the benchmark BSE Sensex scaled another peak of 28,829.29 and the NSE Nifty climbed to new high 8,707.90 in afternoon trade, led by a rally in metal, banking, realty, FMCG and oil & gas stocks.

The 50-issue index, after regaining the 8,600-level, rallied by 156.55 points, or 1.83 percent, to trade at 8,707.25, surpassing its previous intra-day high of 8,626.95 touched on December 4.

Brokers said investor sentiments remained positive since the RBI's surprise rate cut last week coupled with encouraging Q3 numbers of some bluechip companies.

The benchmark BSE Sensex last quoted 534.82 points or 1.89 percent higher at 28,796.83 after hitting all-time high of 28,829.29 in intra-day trade.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 433.72 crore yesterday, as per provisional data from the stock exchanges.'

With agency inputs

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