Benchmark stock market indices Sensex 30 and Nifty have touched new record-highs of 27,865 and 8,322 respectively backed by fund inflows, economic reforms announced by the government and optimism over good corporate earnings. The 30-share BSE index Sensex soared 519 points or 1.9 per cent the 50-share NSE index Nifty jumped 153 points or 1.87 % to close the day with strong gains
Continued buying by foreign funds and retail investors, economic reform triggers and strong earnings by blue-chip companies are driving the current market rally. Except consumer durables, all other BSE sectoral indices rose during the day. The capital goods index gained 2.66 %, followed by India infrastructure index - 2.38 %, oil & gas- 2.19 % and PSU - 2.08 %. The only sectoral index that went down was the consumer goods index. GAIL, Tata Power, HDFC, L&T and Tata Steel are the top five gainers among the Sensex stocks, while Bharti Airtel was the only loser.