Markets scale new peaks on fund inflows

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Markets scale new peaks on fund inflows
Mumbai, Nov 18 (PTI) Surpassing all previous records, the benchmark BSE Sensex and NSE Nifty hit their new lifetime highs to 28,260.66 and 8,447.40 respectively in early trade today on sustained foreign capital inflows, driven by positive domestic and global cues.

The 30-share index spurted by 82.78 points, or 0.29 per cent, to new peak of 28,260.66. The gauge had gained 237.24 points in the previous two sessions.

The National Stock Exchange index Nifty also rose by 16.65 points, or 0.19 per cent, to trade at a fresh high of 8,447.40. The BSE Sensex had recorded its earlier intra-day high of 28,205.71 and the Nifty clocked its peak of 8,438.10 in yesterday's trade.

Continued buying by funds and retail investors amid cooling inflation and falling global fuel prices influenced trading sentiments, brokers said, adding these factors have raised hopes of a rate cut by the RBI and further economic reforms by the government.

Besides, a firming trend at other Asian bourses too supported the rising trend, they said. All the sectoral indices led by capital goods and oil.

PTI

Read more about: sensex, nifty
Story first published: Tuesday, November 18, 2014, 10:10 [IST]
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