Sensex breaches 29,000-mark; Nifty hits new peak of 8,754.65Mumbai: Continuing their record-setting spree for the third straight session, the benchmark BSE Sensex crossed the 29,000-mark for the first time and the NSE Nifty hit a new peak of 8,754.65 on Thursday on robust
Mumbai: Continuing their record-setting spree for the third straight session, the benchmark BSE Sensex crossed the 29,000-mark for the first time and the NSE Nifty hit a new peak of 8,754.65 on Thursday on robust fund inflows amidst.
Optimism among funds and retail investors over encouraging Q3 earnings by bluechip companies also boosted the sentiments, brokers said.
At 11:33 am, the 30-share index was trading at 29,003.44, up 114.58 points, or 0.4 per cent, to hit yet another high of 29,003.44, breaking its previous record of 28,958.10 (intra-day) touched yesterday.
The gauge had rallied by over 1,542 points in the previous five consecutive sessions.
Surpassing all previous records, the 50-share NSE Nifty gained 23.50 points, or 0.27 per cent, to hit a new life-time high of 8,753.00. It had touched the intra-day record of 8,741.85 yesterday.
All the sectoral indices, led by metal, FMCG and healthcare, were trading in positive zone with gains up to 1.01 per cent.
Brokers said market has turned extremely bullish since the RBI's surprise rate cut last week, triggering heavy purchases by foreign funds and expectations of fall in subsidy bill following slump in global crude oil prices.
Further, extended rally at other Asian bourses following overnight gains on the US markets, expecting the European Central Bank to announce stimulus measures during its meeting, buoyed trading sentiments here.
Among other Asian markets, Japan's Nikkei rose 0.15 per cent, while Hong Kong's Hang Seng gained 0.52 per cent in early trade today.
The US Dow Jones Industrial Average closed 0.22 per cent higher in yesterday's trade.