Sensex cheers Obama visit, up 292 points to record 29,571
Both the S&P BSE benchmark Sensex and CNX Nifty continued their record breaking spree for the eight consecutive day on persistnet buying in select counters after Prime Minister Narendra Modi and US President Barack Obama have pledged to continue to enhance cooperation across various sectors including defence, infrastructure, clean energy and power.
Sustained FII inflows kept the momentum going for India markets despite mixed trend seen in other Asian markets and US president Barrack Obama's visit to India aided sentiment.
The Sensex resumed higher at 29,451.65 and rose further to a lifetime high of 29,618.59 before ending at all-time closing high of 29,571.04, showing a gain of 292.20 points or one per cent. The Sensex has gained by 2,224.22 points of 8.13 pct in the eight trading sessions.