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Sensex hits new record-high of 22,869.85; Nifty touches 6,861

BSE

BSE Sensex hit another lifetime high of 22,869.85 today where rupee breached the 61-level by falling 30 paise to trade at over one-month low of 61.06 against the US dollar in early trade today

SensexMumbai: Continuing its record-breaking spree, the benchmark BSE Sensex hit another lifetime high of 22,869.85 today as stocks of capital goods, IT, healthcare and auto sectors led the rally on capital inflows amid a firming trend overseas.

The NSE Nifty also maintained its rising trend by gaining 46.25 points, or 0.67 per cent, to hit a new all-time high of 6,861.60 points, surpassing its previous intra-day high of 6,838.00 touched in yesterday’s trade.

Stock brokers said besides widespread buying by funds and retail investors on the back of encouraging Q4 earnings by bluechip companies, covering-up of pending outstanding short positions by speculators on the last session of April month expiry in the Derivatives segment, helped the key indices – Sensex and Nifty — to continue their record-breaking spree.

Further, a mixed trend in other Asian markets and overnight gains in US markets on good earnings reports, influenced the trading sentiments here, they said.

Among other Asian markets, Japan’s Nikkei gained 0.57 per cent, while Hong Kong’s Hang Seng was down 0.61 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.40 per cent higher in yesterday’s trade.

Rupee breaches 61-level, down 30 paise against dollar

The rupee breached the 61-level by falling 30 paise to trade at over one-month low of 61.06 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Forex dealers said increased demand for the US currency from importers continued to put pressure on the rupee but a higher opening in the domestic stock market and the dollar’s weakness against other currencies overseas limited the fall.

The domestic currency had declined by 17 paise to close at nearly one-month low of 60.76 against the dollar due to sustained demand for the US currency from importers amid some weakness in local stocks in yesterday’s trade.

Meanwhile, the benchmark BSE Sensex shot up by 111.48 points, or 0.48 per cent, to hit a new record-high of 22,869.85 in early trade today.

PTI

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