Zee Media Bureau
Extending their bull run for the seventh straight session, the BSE Sensex scaled another closing peak of 29,278.84 and the NSE Nifty breached the 8,800-mark for the first time Friday, driven by positive global cues triggered by European Central Bank's stimulus measures.
During intra-day trade, the benchmark BSE Sensex hit fresh all-time high of 29,408.73, breaking its previous record of 29,060.41 touched in yesterday's trade. It finally ended higher by 272.82 points or 0.94 percent at 29,278.84.
The benchmark index had gained 1,659.20 points in the previous six sessions.
The National Stock Exchange index Nifty also breached the landmark 8,800-mark for the first time to hit a new peak of 8,866.40. It surpassed previous intra-day high of 8,774.15 touched yesterday. The index finally closed at 8,835.60, up 74.20 points or 0.85 percent.
Brokers said apart from strong capital inflows, rally on the global markets following the European Central Bank's (ECB) announcement of a bigger-than-expected stimulus programme to kickstart the eurozone economy boosted sentiments.
The ECB said yesterday it would buy 60 billion euros a month of private and public bonds from March until September 2016.
The US Dow Jones Industrial Average ended 1.48 percent higher in yesterday's trade.