Sensex, Nifty hit record closing highs

Mon Oct 16 2017
Rajesh Sharma (2046 articles)
Sensex, Nifty hit record closing highs

REUTERS – Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country’s merchandise exports surged in September, pushing the trade deficit to a seven-month low.

The broader NSE Nifty ended 0.62 percent higher at 10,230.85, after rising to a record high earlier in the session.

The benchmark BSE Sensex closed up 0.62 percent at 32,633.64, after hitting an all-time high early in the day.

Federal Bank Ltd gained about 7 percent after posting upbeat second-quarter profit.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.