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A sharp decline in India's current account deficit during the December quarter provided the perfect fuel vindicating foreign fund buying in the past few sessions to boost the markets to all-time highs on Thursday. Investors cheered a sharp decline in the Current Account Deficit (CAD), which is at a 4 year low as exports picked up and gold imports reduced. Also, Strong FII inflows in cash market aided the sentiment. FIIs were net buyers of local stocks worth Rs 193.30 (cash segment) on Wednesday, as per provisional data.
The 30-share BSE Sensex ended 226 points higher at 21,502 while 50-unit NSE Nifty jumped 72 points to close at its all-time closing high levels of 6,400
