MUMBAI, Aug 27 (Reuters): The BSE Sensex and Nifty rose on Wednesday to record closing highs as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue-chips such as ICICI Bank Ltd.
The European Central Bank (ECB) is due to hold its next policy review on September 4, which comes after its president Mario Draghi appeared to open the door for more monetary easing by saying all available tools would be considered should inflation in the euro zone fall further.
Foreign investors bought Indian shares worth $60.4 million on Tuesday, bringing the total for the year to nearly $13 billion in 2014.
Traders now await the expiry of equity derivatives on Thursday, India's April-June growth data on Friday and balance of payments data this week, to gauge near-term direction of the market.
"India remains in a bull run. Inflows would continue as a lot of money is waiting on the sidelines to be invested in Indian shares," said Phani Sekhar, fund manager at Angel Broking.
The broader Nifty rose 0.4 per cent, or 31.30 points, to end at a record closing high of 7,936.05, and above the psychologically important 7,900 level. The index had climbed to an all-time high of 7,968.25 on Monday.
Sensex, Nifty mark record closing high
FE Team | Published: August 28, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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