Sensex hits record high on FII buying

The BSE Sensex rose to a record high on Thursday, as continued buying from foreign investors lifted blue-chips such as Oil and Natural Gas Corp, allowing the benchmark index to post its seventh consecutive monthly gain in the best streak since 2006. The BSE Sensex rose 0.29 per cent to 26,638.11 on Thursday. It earlier hit a record high of 26,674.38, surpassing the previous all-time high hit on Monday. For the month, the Sensex rose 2.9 per cent, marking its longest streak since rising for eight consecutive months from June 2006 to January 2007. The broader Nifty gained 0.23 per cent to 7,954.35 not far from the record high of 7,968.25, hit on Monday. The Nifty rose 3.02 per cent for the month to mark its fourth consecutive monthly gain. Markets will be closed on Friday for Ganesh Chaturthi holiday.