Mumbai: Indian markets touched a record high on Tuesday on strong inflows of foreign funds buoyed by encouraging GDP data for the April-June quarter and narrowing CAD.
While the 30-share Sensex ended up 152 points at 27,019 after hitting a record 27,082.85, the 50-share Nifty rose 55 points to close at 8,083 after hitting a record high of 8,101.95.
The Sensex has jumped 1,100 points in just 12 trading sessions. The rally in the index today was led by gains in Cipla, Bharti Airtel, Sun Pharma and HDFC Bank.
The BSE Healthcare index was the top gainer up 1.8 per cent followed by Consumer Durables, Oil and Gas, Bankex and FMCG among others.
In the broader market, the BSE Mid-cap index gained 0.8 per cent and the Small-cap index ended up 0.9 per cent.
Market breadth was strong with 1,742 gainers and 1,246 losers on the BSE.
India's current account deficit (CAD) for this financial year's first quarter, April to June, narrowed sharply to 1.7 per cent of gross domestic product ($7.8 billion) from 4.8 per cent of GDP ($21.8 bn) in the corresponding period of 2013-14.
In addition, India's balance-of-payments remained in surplus for the third straight at $11.2 billion for Apr-June 2014.
The market capitalisation of the BSE hit an all time of Rs 94,43,734.
Cipla and Bharti Airtel were the top gainers on both BSE Sensex and Nifty.
India's economy expanded at its fastest pace in more than two years in the April-June quarter. India's GDP grew at 5.7 per cent in the first quarter of 2014-15, exceeding expectations.
