Sensex begins fiscal on a high note |
Indian stock markets on April 3 started the new financial year on a bullish note with both Sensex and Nifty indices closing at record highs as the sentiment was lifted by a surge in foreign investments in March amid expectations of government reforms and an improving economy. The Sensex which is just 90 points away from the 30,000 mark is expected to hit the milestone in the coming days. The Sensex resumed higher at 29,737.73 and hovered in a range of 29,926.94 and 29,705.72 before closing at a record high of 29,910.22, showing a gain of 289.72 points, or 0.98 per cent . The NSE 50-share Nifty also rose by 64.10 points, or 0.70 per cent, to end at an all-time closing high of 9,237.85 after moving in a range of 9,245.35 and 9,192.40.The rupee closed at 65.03, down 0.25 per cent from its Friday`s close of 64.85. The rupee opened at 64.79 a dollar and touched a high of 64.76, a level last seen on October 2015. Traders are cautious ahead of the RBI bi-monthly two-day policy meeting on April 5 and 6. The fast paced developments on the GST resolution and improved global scenario after last week`s worries regarding the US healthcare bill also strengthened the benchmark indices.
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