Sensex hits new record-high of 27,148.90; Nifty at 8,119.80

Image
Press Trust of India Mumbai
Last Updated : Sep 03 2014 | 11:47 AM IST
Continuing its rising streak for the ninth straight session, the benchmark BSE Sensex rose over 129 points to hit a new high of 27,148.90 in opening trade today on sustained foreign capital inflows coupled with a firming trend on other Asian bourses.
The 30-share index, which had gained over 705 points in the previous eight sessions, gathered another 129.51 points, or 0.47 per cent, to trade at a new peak of 27,148.90, surpassing its earlier record of 27,082.85 touched yesterday (intra-day).
All the sectoral indices, led by teck, consumer durables, infrastructure and oil & gas, were trading in positive territory with gains up to 0.93 per cent.
Maintaining its record-breaking spree, the NSE Nifty also shot up by another 36.75 points, or 0.45 per cent, to hit a fresh life-time high of 8,119.80, crossing its previous record of 8,101.95 hit yesterday.
Brokers said sentiments remained buoyant with key indices soaring to new highs on sustained foreign capital inflows and widespread buying by retail investors, driven by positive economic data such as better-than-expected GDP growth in first quarter and narrowing CAD.
Besides, positive global factors with crude oil prices falling to multi-month lows and a firming trend on other Asian markets boosted investor sentiments, they said.
Among other Asian markets, Japan's Nikkei rose 0.82 per cent, while Hong Kong's Hang Seng gained 0.15 per cent in early trade today.
The US Dow Jones Industrial Average, however, closed 0.18 per cent lower in yesterday's trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2014 | 11:47 AM IST

Next Story