Equity Benchmarks’ Record Run Continues; Nifty Nears 21,000 pts

Mumbai: Equity market benchmarks Sensex and Nifty extended their rally for the seventh consecutive session and hit new peaks on Wednesday amid sustained buying from foreign institutional investors and easing crude oil prices.

The 30-share BSE Sensex jumped 303.25 points, or 0.44 per cent, to a new record high of 69,599.39 in the morning trade. The broader index Nifty also climbed 100.05 points, or 0.48 per cent to hit its fresh lifetime high of 20,955.15.

Analysts attributed the unabated inflow of foreign funds to declining US bond yields. They said domestic investors remained bullish on robust macroeconomic data and expectations of longer political stability in the country.