Mumbai: A report said that the Sensex and the Nifty 50 rose breaking records for the second consecutive day. The Sensex rose by 853 points and touched all time high of 64,768.58 while Nifty 50 index went up record high and touched 19,201.70. The rise in the stock exchange indices were a result of gains in information technology, auto and banking stocks.
The Sensex rose by 1.26% and closed at 64,718.56 while the Nifty 50 index rose by 217 points and closed for the day at all time high of 19,189.05. The report said that the last two sessions saw the Sensex rise by 2% and Nifty 50 index rise by 1.97%.
Citing analysts, the report said that the Indian stock markets are on a winning streak for the last four months on the back of strong economic growth, foreign inflows, cooling inflation and steady corporate earnings.
The report said, India has emerged as one of the sweet spots as far as investment by Foreign Portfolio Investors (FPI) is concerned. They are consistent buyers and have supported the market.
It said that FPIs have been buyers of Indian equities since the start of this financial year and have invested more than Rs.1 lakh crore so far.
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