Sensex scales record high, hits 30,000

Strong macro, robust flows, positive global cues spark rally; Q4 earnings to determine future course

The BSE’s bellwether index, Sensex, scaled a record high on Wednesday, closing at 30,133 points — 190 points or 0.6 per cent higher than the previous day. 

The Sensex has crossed the 30,000-point twice in intra-day trade previously — in March 2015 and in April 2017. This is the first time it closed above 30,000. 

The National Stock Exchange’s Nifty50, too, posted a record high for a consecutive day, gaining 45.2 points or 0.5 per cent on Wednesday to close at 9,315.8. 

The Sensex has rallied 13.2 per cent in 2017 so far. A stronger rupee has helped India register impressive gains in