Sensex, Nifty hit all-time highs on firm global equities, foreign fund inflows
The Hindu
A strengthening rupee and foreign capital inflows bolstered sentiment.
Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market.
A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.
The 30-share BSE index zoomed 466.95 points or 0.74% to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95% to 63,520.36.
The index scaled its earlier lifetime high of 63,284.19 on December 1 last year.
The NSE Nifty climbed 137.90 points or 0.74% to end at its lifetime peak of 18,826. Its previous record peak was 18,812.50.
On a weekly basis, the BSE benchmark jumped 758.95 points or 1.21%, and the Nifty climbed 262.6 points or 1.41%.
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