Sensex scales 30k, Nifty closes at record high
The Sensex rose to a high of 30,071.77 points, surpassing a record last hit in March 2015. Photograph: (Reuters)
Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets.
The benchmark BSE Sensex closed up 0.63 per cent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015. The broader NSE Nifty gained 0.49 per cent to end at a record closing high of 9,351.85. The index hit an intraday high of 9,367, surpassing Tuesday's high.
Earlier in the day, the BSE Sensex rose as much as 0.4 per cent to hit a record high, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar.
The market rally came after a string of solid domestic quarterly results, with hopes for additional foreign inflows to India having increased on renewed optimism about the US economy and after the first round of French election which went to the market`s preferred candidate.
The Sensex rose to a high of 30,071.77 points during the day. The broader NSE Nifty rose as much as 0.4 per cent to a record high of 9,343.15 points, its second consecutive all-time milestone.