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Sensex, Nifty hit new record highs in pre-close trade

PTI 06 Jun 2014, 15:49:52 IST
Mumbai: The benchmark BSE Sensex and NSE barometer Nifty today hit new life-time highs of 25,419.14 and 7,588.50, respectively, in pre-close trade on the back of sustained foreign capital inflows amid a firming trend overseas.

The 30-share index, Sensex, zoomed by 399.63 points, or 1.58 per cent, to touch a new high of 25,419.14, surpassing its previous record high of 25,375.63 reached on May 16.  The 50-issue NSE Nifty too shot up by 114.40 points, or 1.53 per cent, to trade at a fresh life-time high of 7,588.50, breaching its previous intra-day high of 7,563.50 on May 16.  

Brokers said continued capital inflows by foreign funds into equities, on expectations that the new government would take steps to revive country's economic growth, helped the key indices to reach new highs.

Further, a firming trend in the global markets in response to European Central Bank measures to boost the eurozone economy influenced the trading sentiment here, they said.

Major gainers which lifted the indices to new highs were ONGC, Reliance Industries, GAIL, DLF Ltd, Kotak Bank, Hero Motorcorp, Lupin Industries, Mahindra and Mahindra, Bank of Baroda, Punjab National Bank, Bajaj Auto, ICICI Bank, SBI and Larsen and Toubro.