Sensex hits new high for fourth straight session

Key Indian stock markets indices - the Sensex and the Nifty - hit new highs for the fourth consecutive session Thursday on the back of strong buying support from foreign funds.

The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE) touched a high of 22,222.17 points, surpassing its previous record high of 22,172.20 points hit Wednesday.

The benchmark Sensex has hit a new high on all four trading sessions this week.

Hopes of economic recovery and stable government post national election have fueled the rally in the Indian stock markets.

The Sensex, which opened at 22,116.23 points, was ruling at 22,208.40 points at around noon, up 113.10 points or 0.51 percent from its previous close at 22095.30 points.

The Index hit a high of 22,222.17 points and low of 22,094.29 points in the intra-day.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) also hit a new high for the fourth straight session. The Nifty was ruling 42.40 points higher at 6,645.30 points. The Nifty's previous record high was 6,627.45 points.