India stocks at all time high |
Indian equity market benchmark BSE Sensex jumped over 200 points in morning trade on Tuesday to hit its record high of 41,108, while NSE Nifty surged to its lifetime peak of 12,126 amid sustained foreign fund inflow and positive global cues. The 30-share index was trading 218.82 points, or 0.54 per cent, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43 per cent, to 12,125.50. Top gainers in the Sensex pack included Yes Bank which rose up to 1.57 per cent, Tata Steel 1.54 per cent, Sun Pharma 1.45 per cent, ICICI Bank 1.48 per cent, Infosys 1.10 per cent and RIL 0.76 per cent. On the other hand, Bharti Airtel fell up to 1.73 per cent, Kotak Bank 0.40 per cent, Bajaj Auto 0.33 percent, L&T 0.22 percent and Hero MotoCorp slipped 0.05 per cent. On Monday, the Sensex ended 529.82 points, or 1.31 per cent, higher at 40,889.23, its all-time closing peak. Likewise, the Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 -- just shy of its life-time closing high. According to experts, the market is on a high tracking sustained buying from foreign investors over the last couple of weeks, easing global worries on the trade tariff front, new developments over divestment to curb fiscal deficit and expectations of cut in interest rate by the Reserve Bank of India.
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