Sensex, Nifty hit a lifetime high of 33,117.33 and 10,340.55 respectively
The BSE Sensex on Wednesday appreciated to a record breaking high of 33,117.33 and the NSE Nifty scaled the historic 10,340.55 mark in opening trade as banking stocks rallied after the government announced a mega Rs 2.11 lakh crore recapitalisation plan for NPA-hit state-run lenders. The 30-share Sensex rose by 509.99 points, or 1.56 per cent, to quote at an all-time high of 33,117.33 points. The gauge had gained 224.41 points in the previous two straight sessions. SBI rallied 19.47 per cent while ICICI Bank and Axis Bank increased up to 8 per cent in early trade, sending the barometer indices to record high. The 50-share Nifty also hit a historic high of 10,340.55 by climbing 132.85 points, or 1.30 per cent. It also smashed previous record (intra-day) of 10,251.85 points reached on October 17. Sentiment got a lift after Arun Jaitley, Finance Minister on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth, brokers said. Globally, in the Asian region, Japan’s Nikkei rose 0.12 per cent, Hong Kong’s Hang gained 0.67 per cent, while China’s Shanghai Composite Index rose 0.10 per cent in their early deals. The US Dow Jones Industrial Average gained 0.72 per cent in Tuesday’s trade. -PTC News
