MUMBAI (Reuters) - The Nifty rose to a record high for a second straight session on Thursday after cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda.
Gains were also underpinned by higher emerging equities which hovered near 17-month highs after a private survey in China showed surprisingly strong manufacturing data, boosting blue-chips such as HDFC Bank .
The Nifty provisionally closed 0.45 percent higher after hitting an all-time high of 7,835.65, surpassing the previous record of 7,809.20 hit on Wednesday.
HDFC Bank provisionally rose 0.8 percent while ITC ended higher 0.75 percent.
(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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