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Indian shares breach record levels

September 24, 2021 00:00:00


BENGALURU, Sept 23 (Reuters): Propelled by rallying banking and energy stocks as fears of an economy-derailing third wave recede, Indian shares surged to fresh record highs, with the real estate subindex extending gains for the third straight day to reach a near 11-year peak.

The blue-chip NSE Nifty 50 index ended 1.57 per cent higher at 17,822.95 on Thursday, having hit a record high of 17,843.9 earlier, and the benchmark S&P BSE Sensex climbed 1.6 per cent to end at 59,885.36, touching an all-time peak of 59,957.25.

Investors seemed to shrug off the results of a Federal Reserve meet, where it said it could start reducing bond purchases as early as November, and hinted at a rate hike arriving quicker than expected.

In Mumbai, real estate stocks surged as much as 11.7 per cent to their highest in nearly 11 years, which analysts said was due to improving property sales and the pace of the country's vaccination drive.


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