Sensex hits fresh record high; Nifty breaches 8,800-mark

The BSE benchmark Sensex on Friday surged 383.16 points to hit yet another record of 29,389.18 while Nifty breached 8,800-mark for the first time in opening trade.

Zee Media Bureau

New Delhi: The BSE benchmark Sensex on Friday surged 383.16 points to hit yet another record of 29,389.18 while Nifty breached 8,800-mark for the first time in opening trade.

Improving macroeconomic data, surprise rate cut by the Apex bank last week and encouraging Q3 earnings by some bluechip companies and positive global cues buoyed the market and helped key indices to hit new highs, brokers said.

Meanwhile, foreign portfolio investors (FPIs) remained the main driving force behind the ongoing bull-run. FPIs bought shares worth a net Rs 2,065.49 crore yesterday, according to provisional data from the stock exchanges.

Extending their record-setting spree, Sensex yesterday closed above the 29,000-mark for the first time and the Nifty touched another peak of 8,774.15 with sustained buying by funds in healthcare, capital goods, metal and auto sector stocks.

With PTI Inputs

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