Sensex, Nifty at record high

Mumbai, April 16 

Benchmark equity indices Sensex and Nifty today scaled new lifetime closing highs as investors remained in an intense buying mode for fourth session in a row on “near-normal” monsoon forecast and bumper corporate earnings optimism.

The Sensex started off on a bullish note at 39,040.30 and hit a new intra-day record of 39,364.34. It, however, finally settled at 39,275.64, 369.80 points higher, also marking its lifetime closing high. The index has added 690.29 points in the past four sessions.

Similarly, the broader NSE Nifty opened higher at 11,736.20 and breached the psychological 11,800-level (intra-day) for the first time ever. The NSE barometer settled the day at a new record closing level of 11,787.15, up 96.80 points.

Financial stocks took charge of the rally driven by sustained foreign fund inflows. — PTI