Sensex, Nifty hit new highs; early monsoon arrival lifts sentiment
Monsoon rains hit Kerala and the North East today, two days before the normal onset date, boosting optimism about a rebound in the rural economy
Mumbai: Markets continued their record-setting streak for yet another session today with both the Sensex and Nifty ending at lifetime highs as investors cheered the early arrival of monsoon.
The BSE Sensex gained over 50 points to end at a new peak of 31,159.40, while the broader Nifty spurted almost 20 points to finish at 9,624.55.
Monsoon rains hit Kerala and the North East today, two days before the normal onset date, boosting optimism about a rebound in the rural economy.
The BSE 30-share Sensex resumed higher at 31,111.73 and weathered bouts of volatility to touch a new all-time intra-day high of 31,220.38, surpassing its previous record of 31,214.39, reached in yesterday's trade.
It shed some gains on profit-booking and settled at 31,159.40, up 50.12 points, or 0.16 percent. The Sensex surpassed its previous record closing of 31,109.28 hit yesterday.
In four days, the index has gained 857.76 points.
Similarly, the broader 50-issue NSE Nifty after shuttling between 9,635.30 and 9,581.20, settled at 9,624.55, up 19.65 points, or 0.20 percent.
It broke its previous record closing of 9,604.90, hit yesterday.
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NDRF evacuates 600 people in flood-hit Telangana and Andhra Pradesh; 200 rescued in Maharashtra's Solapur
A NDRF press release said rescue and evacuation operations continued on Friday in the flood-hit cities of Telangana, Andhra Pradesh, Karnataka, and Maharashtra as many areas are still inundated
Toll in Telangana rains rises to 70, state unveils evacuation plan; parts of Karnataka remain flooded
Telangana Chief Minister K Chandrasekhar Rao announced Rs 10,000 as immediate relief to each flood-hit household in Hyderabad. The state government also unveiled a door-to-door evacuation plan as more rains have been forecasted.
The state government had approached the court after an all-party-meeting in Kerala demanded withdrawal of the Union Cabinet's decision