Sensex Hits Historic 38,000 Mark for First Time; Nifty Touches 11,495 Peak

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Mumbai: The BSE Sensex hit the 38,000 level for the first time on Thursday on widespread buying in banking, energy and PSU stocks amid unabated inflows by domestic and foreign institutional investors.

The broader NSE Nifty too touched a new peak of 11,495.20. The 30-share Sensex climbed 162.56 points, or 0.42 per cent, to 38,050,12 in early trade on Thursday, breaching its previous intra-day record of 37,931.42 hit on Wednesday.

According to market observers, the inflow of foreign funds and healthy buying in consumer durables, banking and oil and gas stocks pushed the key indices higher.

The Sensex was up by 221.76 points or 0.59 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 37,931.42 points and a low of 37,641.40 points. The Nifty too was up by 60.55 points or 0.53 per cent.

On Thursday, Asian indices were showing a mixed trend. Japan’s Nikkei 225 was quoting in red, down by 0.16 per cent while Hang Seng was up by 0.91 per cent. South Korea’s Kospi was down 0.03 per cent and China’s Shanghai Composite index was trading in green, up by 1.78 per cent.

Overnight, the Nasdaq closed in green, up by 0.06 per cent while FTSE 100 was also up by 0.75 per cent at the closing on Wednesday.

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