Sensex scales new record high of 25,735.87; Nifty hits 7,700
The benchmark BSE Sensex on Wednesday hit another life-time high of 25,730.42 on sustained capital inflows as the new government unveiled its agenda for economic reforms.
Zee Media Bureau
The benchmark BSE Sensex on Wednesday hit another life-time high of 25,735.87 on sustained capital inflows as the new government unveiled its agenda for economic reforms.
The 30-share index Sensex, last quoted up by 139.04 points, or 0.54 percent, to trade at 25,722.73 after hitting its new high of 25,735.87 earlier. The gauge had touched intra-day high of 25,711.11 yesterday.
The NSE Nifty also maintained its record run by gaining 41.80 points, or 0.55 percent, to trade at 7,698.20, surpassing its previous intra-day high of 7,683.20 reached yesterday. It breached 7,700-mark earlier in intra-day trade.
The initial data for Sensex was not available due to a technical glitch at the Bombay Stock Exchange.
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.
Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 682.26 crore yesterday, as per provisional data from the stock exchanges.
Among other Asian markets, Hong Kong's Hang Seng was down 0.39 percent while Japan's Nikkei rose 0.28 percent in early trade today.
The US Dow Jones Industrial Average ended 0.02 percent higher in yesterday's trade.
With agency inputs