Sensex breaches 35,000 mark
17 Jan 2018 11:32 PM IST
NEW DELHI: Continuing its record-breaking spree in the New Year, the Sensex hit the 35,000 milestone on Wednesday. The benchmark index surged 310 points to close at 35,081. Another benchmark index Nifty hit 10,800 on Wednesday, before closing at 10,788, up 88 points.
Apart from a global market rally, optimism about acceleration in corporate earnings growth and economic growth has spurred markets to new highs this year, say analysts. The rupee also closed higher at 63.88 against the US dollar today vs its Tuesday's close of 64.03. The gains in the markets were led by banking, healthcare and IT stocks. The Bank Nifty, the index for financials, rose over 1 percent to a new intra-day high of 26,335.
IT majors Infosys, TCS, HCL Tech and Tech Mahindra hit 52-week highs.
Next Story
