Sensex, Nifty extend bull run to log fresh high

The Bombay Stock Exchange (BSE) Sensex scaled another peak of 29,389.18 and the NSE Nifty Futures Nifty breached the 8,800-mark for the first time in opening trade on Friday, extending their bull run for the seventh straight session, driven by positive global cues triggered by European Central Bank’s stimulus measures.

Brokers said apart from strong capital inflows, rally on the global markets following the European Central Bank’s (ECB) announcement of a bigger-than-expected stimulus programme to kickstart the eurozone economy boosted sentiments.

The benchmark 30-share BSE barometer zoomed by 383.16 points (or 1.32 per cent), to trade at a lifetime high of 29,389.18, breaking its previous record of 29,060.41 (intra-day) touched in Thursday’s trade.

The Sensex has gained 1,659.20 points in the previous six sessions.

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On similar lines, the broader 50-issue National Stock Exchange Nifty breached the landmark 8,800-mark for the first time to hit a peak of 8,862.75 by gaining 101.35 points (or 1.16 per cent). The index surpassed previous intra-day high of 8,774.15 touched on Thursday.

The ECB said on Thursday it would buy 60 billion euros a month of private and public bonds from March until September 2016.

Among other Asian markets, Hong Kong’s Hang Seng index was up by 1.37 per cent, while Japan’s Nikkei rose 1.11 per cent in early trade on Friday.

The US Dow Jones Industrial Average ended 1.48 per cent higher in Thursday’s trade.

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