Sensex, Nifty hit record high for fourth straight session
Nifty hits a lifetime high of 6,638.80 and Sensex hit high by 22,204.94 points
By : DC Correspondent
Update: 2014-03-27 11:25 GMT
Mumbai: Sensex and the Nifty rose as much as 0.5 per cent to record highs for a fourth consecutive session, as blue chips such as Reliance Industries gain on foreign investors. This also results in the extension of buying streak on hopes of a recovery in the domestic economy.
Nifty hit a lifetime high of 6,638.80, while the Sensex marks an all-time high of 22,204.94.nOverseas investors bought Indian shares worth 10.04 billion rupees on Wednesday, provisional exchange data shows.
Foreign investors have helped underpin gains, with net purchases in shares reaching $2.53 billion so far this month, according to regulatory data. Relince Industries shares rises by 1.2 per cent, while ITC gains 0.7 per cent.