Sensex hits new high; Nifty reaches 7,752 points
The benchmark BSE Sensex gained over 83 points to hit another record-high of 25,924.25 in opening trade on Thursday on strong rally in FMCG, metal, consumer durable, PSUs and oil & gas stocks amid sustained capital inflows.
Hitting a new peak for the second straight session, the 30-share barometer surged 83.04 points, or 0.32 per cent, to trade at 25,924.25, surpassing its previous intra-day high of 25,864.53 reached on Wednesday.
The gauge has rallied over 778 points in the past four sessions. On similar lines, the National Stock Exchange index Nifty continued its winning streak to reach a new record-high of 7,751.75, rising 26.60 points, or 0.34 per cent.
Brokers said trading sentiments remained positive as foreign investors indulged in pumping more funds into Indian equities on optimism that the Budget next week would have strong measures to put finances and the economy back on track.
Besides, a mixed trend in other Asian markets also influenced the sentiments here, they said. Hong Kong’s Hang Seng rose 0.03 per cent while Japan’s Nikkei shed 0.06 per cent in early trade on Thursday. The U.S. Dow Jones Industrial Average ended 0.12 per cent higher in Wednesday’s trade.