Sensex closes at 39,057, scales new lifetime high after 7 months

Foreign inflows have seen a resurgence, given global funds purchased a net $7 billion of Indian shares in the first three months of 2019

The Sensex on Tuesday closed at a new lifetime high, surpassing its previous one after a tumultuous seven months. The 30-share blue chip index ended at 39,057, up 185 points or 0.5 per cent. On Monday, the index had surpassed its previous high on an intra-day basis but had failed to close above its all-time closing high of 38,897 touched on August 28, 2018. The Nifty rose 44 points or 0.4 per cent to end at 11,713. The index is just 26 points shy of a fresh record high.

India became the first major global market to scale a new peak