Business

Sensex, Nifty scale lifetime highs on fund inflow, Asian cues

Sensex, Nifty scale lifetime highs on fund inflow, Asian cues

TIL Desk/Business/Mumbai/ The BSE Sensex shot up by over 128 points to 30,071.61 and the NSE Nifty scaled 9,343.15 — both lifetime highs — in opening trade today on sustained buying by retail investors amid high foreign fund inflows. Encouraging earnings and positive Asian cues also contributed to the stellar show of the bourses.

Besides, the rupee appreciating agaisnt the dollar to trade at a near 21-month high of 64.07 fuelled the bull run of the bourses. The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This has surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015. The gauge had rallied by 577.94 points in previous two sessions.

On similar lines, the National Stock Exchange index Nifty continued its bull run by gaining another 36.55 points, or 0.39 per cent, to hit a new high of 9,343.15, breaching its previous (intra-day) high of 9,309.20 touched in yesterday’s trade. All the BSE sectoral indices led by FMCG, metal, bank and IT, were trading in positive zone with gains of up to 0.57 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *