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Sensex, Nifty Rise To 5th Consecutive Record High

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The BSE Sensex and Nifty rise to a record high for a fifth consecutive session as state-run banks extend a recent rally after RBI on Thursday (27 March) extended the deadline for banks to implement Basel III capital rules by a year.

The Nifty hits a lifetime high of 6,684.95, while the BSE Sensex marks an all-time high of 22,363.97.

State Bank of India gains 2.8 per cent, Bank of Baroda 2.7 per cent and Punjab National Bank 3.3 per cent.

Continued foreign investor buying also underpins shares. Overseas investors bought Indian cash shares worth $364 million and equity derivatives worth the same amount on Thursday despite derivative expiry.

Investors say the Reserve Bank of India's policy review on April 1, where it is widely expected to keeps rates unchanged, and general elections due by May would act as the next key catalysts for markets.

(Reuters)


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rbi news 6 sensex nifty bse sbi pnb bank of baroda foreign investors