26-04-2017
India’s stock markets opened sharply higher today with the benchmark BSE Sensex breaching the 30,000 mark to make a new all-time high, partly helped by buoyant Delhi municipal election results for BJP, which continues its winning streak from the recent UP state elections, further raising the hopes of a stable establishment with more legroom for reforms and development.
BSE Sensex hit an all-time high of 30,071.77 points, with the broader NSE Nifty also making a new record high of 9,343.15 points, sustaining well-above the 9,300-mark that it breached yesterday for the first time ever.
Indian markets are also tracking the gains across the globe, with the Nasdaq hitting a new record high, past 6,000 points late yesterday, and the US stocks also surging on the back of strong corporate earnings. Asian stocks too, extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded.
