India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high.
The 30-share BSE Sensex rose as much as 0.4%. The previous record high was of 30,024.74 on March 4, 2015.
The rupee strengthened to as much as 63.93 per dollar, its highest since August 2015, Live Mint reported.
McLeod Russel India is the biggest gainer, up 6.19% at ₹192. NIIT Technologies Limited also ended up 6.18% at ₹463. Adani Enterprises is the major laggard, down 6.47% at ₹140.
Other major gainers that supported the key indices were M&M (2.09%), Axis Bank (0.44), HDFC Ltd (0.62%), Tata Steel (0.99%) and ITC (2.04%).