Sensex hits fresh all-time high
September 04, 2014 00:00:00
MUMBAI, Sept 3 (Reuters): The BSE Sensex and Nifty extended a record-setting winning streak on Wednesday as software exporters such as Infosys Ltd rallied on strong US economic data, while continued foreign buying and falling oil prices also helped the gains.
A fall in Brent crude prices to 16-month lows and recent supportive economic data at home such as better-than-expected 5.7 per cent GDP growth in April-June are also reinforcing investor optimism.
The gains also tracked a rise in global stocks after Ukraine said it reached a ceasefire agreement with Russia, despite conflicting reports from the Kremlin.