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Mumbai, Nov 24: Continuing their record-breaking spree, markets today hit new highs with the BSE Sensex scaling another peak of 28,514.98 and the NSE Nifty breaching the 8,500-mark for the first time in opening trade on sustained capital inflows buoyed by positive domestic and global cues. Also Read - Stock Market Crash: Sensex Nosedives 1,115 Pts, Nifty Tanks Below 10,850-mark in Closing Session
The benchmark BSE Sensex climbed 180.35 points, or 0.63 per cent, to trade at a new high of 28,514.98, breaking its previous record of 28,360.66 reached on November 21. Also Read - Happiest Minds Technologies Makes Bumper Market Debut, Lists At 111% Premium Over Issue Price
The benchmark index had gained 301.78 points in the previous two sessions. The National Stock Exchange index Nifty breached the 8,500-mark for the first time to hit a new peak of 8,529 by gaining 51.65 points, or 0.60 per cent. It surpassed previous intra-day high of 8,489.80 touched on Friday.
Brokers said sustained capital inflows on expectations of further economic reforms by the government as the Winter Session of Parliament begins today and a firming trend at other Asian markets as China’s surprise move last week to cut interest rates for the first time in more than two years, boosted sentiments.
Among other Asian markets, Hong Kong’s Hang Seng index was up by 1.87 per cent, while Japan’s Nikkei rose 0.33 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.51 per cent higher in Friday’s trade.