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History on Dalal Street: Sensex zooms past 38,000; Nifty nears 11,500 for the first time

According to market observers, the inflow of foreign funds and healthy buying in consumer durables, banking and oil and gas stocks pushed the key indices higher.

Edited by: India TV Business Desk, New Delhi [ Updated: August 09, 2018 14:22 IST ]
Image Source : PTI

Sensex opens at 37,994.51 points

Continuing its robust show, Indian market opened to record highs on Thursday. While Sensex opened at 37,994.51, before hitting the 38,000 mark for the first time, the Nifty50 started at 11,493.25.

Positive global cues, along with prediction of healthy economic growth and better-than-expected quarterly results, lifted the key Indian equity indices to new record intra-day and closing high-levels on Wednesday.

According to market observers, the inflow of foreign funds and healthy buying in consumer durables, banking and oil and gas stocks pushed the key indices higher.

The Sensex was up by 221.76 points or 0.59 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 37,931.42 points and a low of 37,641.40 points. The Nifty too was up by 60.55 points or 0.53 per cent.

On Thursday, Asian indices were showing a mixed trend. Japan's Nikkei 225 was quoting in red, down by 0.16 per cent while Hang Seng was up by 0.91 per cent. South Korea's Kospi was down 0.03 per cent and China's Shanghai Composite index was trading in green, up by 1.78 per cent.

Overnight, the Nasdaq closed in green, up by 0.06 per cent while FTSE 100 was also up by 0.75 per cent at the closing on Wednesday.

(With inputs from agencies)

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