TIL Desk/Business/New Delhi-The benchmark Sensex and the Nifty today hit record closing high on the first trading day of 2017-18 to end at 29,910.22 and 9,237.85, respectively, driven by a rally in index heavy-weights RIL and L&T. A firming trend in global markets as traders look ahead for the US job data release and a meeting between the American and Chinese presidents later in the week also influenced sentiment, brokers said.
Buying activity gathered further momentum as funds and investors were indulged in creating positions as manufacturing sector grew at its fastest pace in five months in March, marking the third straight month of expansion, a monthly survey showed today.
The BSE Sensex resumed higher at 29,737.73 and advanced to 29,926.94, before settling at fresh closing peak of 29,910.22 – gain of 289.72 points or 0.98 per cent. It surpassed previous closing record of 29,681.88 set on January 29, 2015, and its single day biggest gain since March 14 this year. The gauge had lost 26.92 in the previous session on Friday’s trade.
