Markets extend record-breaking spree for fourth straight day, Nifty crosses 8,800

Extending their bull run for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank's stimulus measures.

hidden January 23, 2015 10:24:27 IST
Markets extend record-breaking spree for fourth straight day, Nifty crosses 8,800

Extending their bull run for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank's stimulus measures.

The benchmark BSE Sensex climbed 383.16 points, or 1.32 percent, to trade at a new high of 29,389.18, breaking its previous record of 29,060.41 (intra-day) touched in yesterday's trade. The benchmark index had gained 1,659.20 points in the previous six sessions.

Markets extend recordbreaking spree for fourth straight day Nifty crosses 8800

Rising high.

The National Stock Exchange index Nifty breached the landmark 8,800-mark for the first time to hit a new peak of 8,862.75 by gaining 101.35 points, or 1.16 per cent. It surpassed previous intra-day high of 8,774.15 touched yesterday.

Brokers said apart from strong capital inflows, rally on the global markets following the European Central Bank's (ECB) announcement of a bigger-than-expected stimulus programme to kickstart the eurozone economy boosted sentiments.

The ECB said yesterday it would buy 60 billion euros a month of private and public bonds from March until September 2016. Among other Asian markets, Hong Kong's Hang Seng index was up by 1.37 percent, while Japan's Nikkei rose 1.11 percent in early trade today. The US Dow Jones Industrial Average ended 1.48 percent higher in yesterday's trade.

PTI

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