Sensex and Nifty hit new highs as dream run continues

Mumbai, 6 June-2014, PTI: Extending their record-breaking show, benchmark indices sensex and Nifty on Friday hit new life-time highs and ended about 1.5 per cent up as southwest monsoon set in and hefty overseas inflows continued, buoyed by hopes of policy reforms by the new government.

Sensex and Nifty hit new highs as dream run continues

Sensex and Nifty hit new highs as dream run continues

Besides, a firming trend overseas after European Central Bank announced stimulus measures, accelerated fund flows into emerging markets like India, brokers said.

Intra-day, the BSE sensex rallied to an all-time high of 25,419.14, surpassing previous high of 25,375.63. It closed at a new high of 25,396.46, logging a gain of 1.51 per cent or 376.95 points — its best single-day rise in over three weeks.