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Sensex hits 28K-mark, Nifty new high on ‘reform’ hopes

The BSE Sensex on Wednesday breached the 28,000 level for the first time but ended a shade below at 27,915.88, its all-time closing peak, with gains of 55.50 points as banking and IT stocks rallied amid hopes of more reforms by government and a rate cut by the Reserve Bank.

The NSE Nifty also closed at record level of 8,338.30, gaining 14.15 points over the previous close. The 50-share index touched all-time intra-day high of 8,365.55 points, surpassing its previous record of 8,350.60 scaled on Monday.
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