Mumbai: Sustained buying by funds in heavy-weight stocks, triggered by firming global markets, helped the Bombay Stock Exchange 30-share Sensex to a 59 point rise. The broader 50-share Nifty of the National Stock exchange, which touched a new intra-day record of 4,295.60 points, ended 8.40 points higher.
Today’s rally was led by banking, capital goods, PSUs, oils and the auto sector stocks.
The rally is expected to hold this week. “We expect the markets to hit a new record in the coming days,” said Manoj Kakaiya, dealer with brokerage ULJK Securities.