The indices, however, fell from their peak intra-day positions on profit-booking. The 30-share BSE Sensex rose to historic high of 22,467.21 points in a day marked by high volatility.
The key barometer finally settled at 22,386.27 points – setting a fresh closing record for the fourth straight day– 46.30 points or 0.21 per cent higher than its previous close.
The 50-share Nifty recorded its lifetime closing high of 6,704.20, up by 8.30 points from its previous close. It jumped to 6,730.05, all-time intra-trade record high.
With foreign fund flows continuing relentlessly, the indices have been setting record life-time high for six days in succession. Brokers attributed the rally to investor hopes of a stable government after elections and signs of economy returning to high growth path.
The Sensex has gained 1,266.15 points in March this year, the best monthly gain since October. For the full fiscal, the key index has witnessed a rise of 3,550.50 points, an increase of 18.8 per cent from closing level on March 28 last year.
Expectations that the Reserve Bank of India (RBI) in its annual monetary policy tomorrow will keep the key rates unchanged also buoyed the market sentiment.
Metal stocks were at the forefront of the rally. Brokers said metal stocks attracted buying on hopes that China will take steps to stimulate sagging economy. The communist country is the world’s largest consumer of copper and aluminium.
The key barometer finally settled at 22,386.27 points – setting a fresh closing record for the fourth straight day– 46.30 points or 0.21 per cent higher than its previous close.
The 50-share Nifty recorded its lifetime closing high of 6,704.20, up by 8.30 points from its previous close. It jumped to 6,730.05, all-time intra-trade record high.
With foreign fund flows continuing relentlessly, the indices have been setting record life-time high for six days in succession. Brokers attributed the rally to investor hopes of a stable government after elections and signs of economy returning to high growth path.
The Sensex has gained 1,266.15 points in March this year, the best monthly gain since October. For the full fiscal, the key index has witnessed a rise of 3,550.50 points, an increase of 18.8 per cent from closing level on March 28 last year.
Expectations that the Reserve Bank of India (RBI) in its annual monetary policy tomorrow will keep the key rates unchanged also buoyed the market sentiment.
Metal stocks were at the forefront of the rally. Brokers said metal stocks attracted buying on hopes that China will take steps to stimulate sagging economy. The communist country is the world’s largest consumer of copper and aluminium.