Sensex Surges Past Record 30,000-Mark, Rupee at 21-Month High
The BSE Sensex closed at 30,133.35, surpassing its previous record close reached on 5 April.
advertisement
Sensex closed above the 30,000-mark for the first time on Wednesday, while the Nifty too finished at a record high on sustained buying amid positive global cues.
The Bombay Stock Exchange (BSE) 30-share Sensex opened on a strong footing and surged to an unprecedented 30,167.09 points in intra-day trade, before settling at 30,133.35, up 190.11 points, or 0.63 percent.
This surpassed its previous record close of 29,974.24, reached on 5 April.
The gauge had hit its previous intra-day high of 30,024.74 on 4 March 2015.
Similarly, the broader 50-issue National Stock Exchange Nifty scaled a new peak of 9,367 before finally ending 45.25 points, or 0.49 percent, higher at 9,351.85, a new record closing.
It surpassed its previous record closing of 9,306.60 hit in Tuesday’s trade.
Rupee at 21-Month High
The rupee appreciated by 19 paise to trade at a nearly 21-month high of 64.07 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange amid sustained selling of the American currency by exporters and banks.
Forex dealers said that apart from weakness in the dollar against other currencies overseas, foreign fund inflows and a higher opening in the domestic equity market supported the rupee.
On 11 August 2015, the rupee had touched an intra-day high of 64.33.
On Tuesday, the rupee had gained 18 paise against the US dollar to end at a near 21-month high of 64.26 on sustained dollar unwinding from exporters and corporates amid positive global cues.
(With inputs from PTI.)
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)