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BSE Sensex scales yet another peak; Nifty too creates record

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.

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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%, to trade at a new high of 29,389.18, breaking its previous record of 29,060.41 (intra-day) touched in Thursday's trade.

The benchmark index had gained 1,659.20 points in the previous six sessions. 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%. It surpassed previous intra-day high of 8,774.15 touched on Thursday.

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%, while Japan's Nikkei rose 1.11% in early trade on Friday. The US Dow Jones Industrial Average ended 1.48% higher in Thursday's trade.

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