Home Economy Indian benchmark index rises to record high

Indian benchmark index rises to record high

By IANS

Mumbai : India’s key stock market index Tuesday posted a record closing high as investors hoped a US Federal Reserve rate cut would lead to more capital inflows into the country’s markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange closed at 20,290.89 points, gaining 360.21 points or 1.81 percent.

The broader 50-stock CNX Nifty index on the National Stock Exchange rose 136.65 points, or 2.29 percent, to close at 6,097.25 points.