Published on January 22, 2015
The thirty share benchmark sensex surpasses 29 K mark for the first time in early trade; Nifty too touches new high.
Rising for the sixth day in a row, benchmark BSE Sensex on Thursday touched a fresh lifetime high of 29,000 points while the 50share NSE Nifty opened at 8,745.
All the sectoral indices, led by IT, infrastructure and capital goods, are trading in positive zone.
These are on sustained funds inflows amid prebudget optimism among the participants.
Besides, a mixed trend in the global markets on expectations of ECB stimulus and stabilising crude and commodity prices boosted market sentiments.
Also continued foreign funds inflow since the RBI’s surprise rate cut last week and encouraging Q3 earnings by some bluechip companies lifted the key benchmarks to hit new highs.
Currently sensex is trading 150 points up at 29,040 level and nifty is trading around 30 points up at 8,760 level.