The BSE Sensex and the NSE Nifty hit a new all-time high of 26,582.27 and 7,957.70 points in early trade today with stocks of healthcare, banking and oil & gas leading the rally on sustained fund inflows amidst a mixed Asian trend According to PTI. The 30-share index, which had gained over 105 points in the previous two sessions, gathered another 162.72 points, or 0.61 per cent, to hit a new record high of 26,582.
With the government making it much easier for foreign companies to invest in India and the also since the cap on Foreign Direct Investment (FDI) now been increased on several key sectors like defense and healthcare, the stock exchange has seen some of its good days in the last 3 months. Also the trip to Japan has been extended by one day could also be a signal of better Indo-Japan business relations could also be a factor because markets react to political environment also.
Also stock markets in Asia have done well today since they open early and Japan’s Nikkei rose 0.40 per cent, while Hong Kong’s Hang Seng shed 0.25 per cent in early trade on Monday
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