BSE Sensex and NSE Nifty rises to hit new record-highs in early trade

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Mumbai, Apr 3: Continuing their record-setting spree, the benchmark BSE Sensex and NSE Nifty climbed to hit new record-highs in early trade today on sustained foreign fund inflows amid a firming trend overseas. The 30-share Sensex shot up by 69.16 points, or 0.30 per cent, to quote at yet another record-high of 22,620.65, surpassing its previous intra-day record high of 22,592.10 touched yesterday.

Also, the 50-share NSE Nifty gained 24.20 points, or 0.35 per cent, to touch a new record-high of 6,776.75. Brokers said buying momentum picked up further on sustained capital inflows by foreign funds, driven by positive domestic and overseas cues that helped the key indices to hit new record highs.

Major gainers which contributed to the rally were Dr Reddy, Infosys, Reliance Industries, Sesa Sterlite, Sun Pharma, Cipla, Bajaj Auto, Maruti Suzuki, Tata Motors and Tata Steel. Stocks of infrastructure finance company IDFC shot up by 4.18 per cent to Rs 133.35 after the RBI granted in-principle approval for new bank licence.

Among other Asian markets, Hong Kong’s Hang Seng rose 0.63 per cent, while Japan’s Nikkei rose by 0.42 per cent in early trade today. The US Dow Jones Industrial Average ended 0.24 per cent higher in yesterday’s trade as private jobs growth picked up.