The Sensex and Nifty closed early one percent higher, marking fresh all-time highs for India’s major markets.
For the first time ever, the blue-chip Sensex index increased by more than 700 points to close beyond 78,000 points.
The index had a positive start to the day and surged to a life-high intraday of roughly 78165.
At 23,721, the overall Nifty index closed at a fresh all-time high.
The Nifty too had a positive start to the day and reached a record high of about 23,754.
The nifty index reached all-time highs on Tuesday, and in 11 of the 12 sessions since June 7, it has done so in some fashion. The index has been running at record highs, with Monday being the lone exception.
The index is already approaching 24,000, and analysts predict that level will be surpassed this week. Anticipations of pro-growth initiatives in the budget are driving the recent bull run in Indian markets.
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