Equity benchmarks maintained their winning streak on Wednesday, with the Sensex closing above the crucial 60,000 mark amid continued foreign fund inflows.
The 30-share index of BSE closed at 60,260.13, up 417.92 points or 0.70 per cent. During the day, it climbed 481.04 points to close at 60,323.25.
The broader NSE Nifty ended 119 points or 0.67 per cent higher at 17,944.25.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, Bharti Airtel, Tech Mahindra, HCL Technologies, NTPC, Wipro and Hindustan Unilever were the biggest gainers.
On the other hand, Mahindra & Mahindra, Maruti, UltraTech Cement and Power Grid were lagging behind.
“The continued participation of FIIs is the backbone of the current rally in the domestic market. This reversal in FII trend is due to the resilience displayed by the Indian economy, even as inflation continues to prevail in the western markets.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The fall in commodity and oil prices has also instilled confidence among foreign investors.
In Asia, markets in Tokyo, Shanghai and Hong Kong closed higher, while Seoul ended lower.
Equities in Europe were trading lower during mid-session deals. US markets mostly closed on Tuesday.
Meanwhile, international oil benchmark Brent crude fell 0.13 per cent to $92.22 a barrel.
Foreign institutional investors (FIIs) remained net buyers in the Indian capital market on Tuesday, buying shares worth Rs 1,376.84 crore, according to exchange data.