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Sensex hits new high of 22,576.50; Nifty reaches 6,740.05

Wednesday, 2 April 2014 - 10:00am IST | Place: Mumbai | Agency: PTI

The benchmark BSE Sensex gained over 130 points to hit a fresh high of 22,576.50 in early trade on Wednesday on continued capital inflows by funds and retailers, tracking firm global cues.

Hitting a new record-high for the eighth straight session, the 30-share barometer surged by 130.06 points, or 0.58 %, to hit 22,576.50, surpassing its previous high of 22,485.77 reached yesterday.

All the sectoral indices, led by consumer durables, capital goods, auto and banking were trading in the positive zone with gains up to 0.98 %. On similar lines, the National Stock Exchange index Nifty continued its winning streak to hit a new high of 6740.05, rising 19.00 points, or 0.28 %. Brokers said trading sentiments remained positive as foreign investors indulged in pumping more funds into Indian equities amid a firming trend in the Asian region, following overnight gains in the US markets on positive manufacturing data.

Besides, RBI keeping key rates unchanged also influenced the trading sentiments, they said. Among other Asian markets, Hong Kong's Hang Seng rose by 0.15 % while Japan's Nikkei gained 1.48 % in early trade today. The US Dow Jones Industrial Average ended 0.46 % higher in yesterday's trade. 

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