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Published On : Thu, Aug 9th, 2018
Business News | By Nagpur Today Nagpur News

Sensex Hits Record High, Crosses 38,000 Mark For First Time; Nifty at 11,470

Sensex hits historic 38,000 mark: The BSE Sensex hit the 38,000 level for the first time today on widespread buying in banking, energy and PSU stocks amid unabated inflows by domestic and foreign institutional investors. The broader NSE Nifty too touched a new peak of 11,495.20.

The 30-share Sensex climbed 162.56 points, or 0.42 per cent, to 38,050,12 in early trade today, breaching its previous intra-day record of 37,931.42 hit yesterday. Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, teck, metal, infrastructure, capital goods, FMCG, power and auto stocks spurred the index higher.

The NSE Nifty spurted 45.20 points, or 0.39 per cent, to 11,495.20, surpassing its previous (intra-day) record of 11,459.95 hit yesterday.

Analysts said strong liquidity in the market following unabated buying by foreign as well as domestic institutional investors and encouraging Q1 earnings bolstered sentiment.

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