Nifty hits another record; Sensex up by 42 points in early trade

Mumbai: The NSE Nifty continued its record-setting spree by rising 5.20 points to 8,535.35 and the  BSE Sensex gained nearly 42 points to 28,541.22 in early trade  on sustained foreign fund inflows amid a mixed trend at  other Asian bourses.

The Nifty moved up by 5.20 points, or 0.06 per cent, to  trade at a new life-time high of 8,535.35, breaching its  previous record of 8,534.65 touched yesterday. The 30-share index, which had gained 466.69 points in the  previous three sessions, flared up by 41.68 points, or 0.14  per cent, to quote at 28,541.22, shying away from its record  high of 28,541.96 reached yesterday.  Stocks of IT, healthcare, consumer durables and auto  sectors led gains. 

Sustained foreign fund inflows in anticipation of further  push to economic reforms by the government in the ongoing  winter session of Parliament boosted sentiments, brokers said,  adding a mixed trend at other Asian bourses following  overnight gains on the US markets also helped the cause. 

Among other Asian markets, Hong Kong's Hang Seng down by  0.12 per cent, while Japan's Nikkei was up by 0.38 per cent  in early trade today.  The US Dow Jones Industrial Average gained 0.04 per cent  to close at new high in yesterday's trade.