Mumbai: India’s benchmark BSE Sensex on Wednesday rose as much as 0.4% to hit a record high on Wednesday, surpassing the previous milestone it hit in March 2015, while the rupee hit a 20-month high against the US dollar.
The market rally comes after a string of solid domestic quarterly results, while hopes for additional foreign inflows to India have increased on renewed optimism about the US economy and after the first round of an election in France went to the market’s preferred candidate.
The BSE Sensex shot up to 30,118.86 and the NSE Nifty scaled 9,357.55—both lifetime highs.
The Sensex index rose to a high of 30,071.77 points, the first time it breached the 30,000 mark in intra-day trade, surpassing a record last hit in March 2015/
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