Sensex and Nifty records all time high

Sensex and Nifty have continued to break records for three straight days. The standard BSE Sensex has finally crossed the 29,000 mark for the first time ever and has broken the record of an all-time high 29,060.41, whereas Nifty reached a record high of 8,772.70.

Taking a look at the BSE indices, healthcare has risen to the most by 1.71%, capital goods up to 0.8%, automobiles up to 0.5% and IT sector up to 0.39%. Whereas some downfalls were also seen in some, oil & gas index has gone down by 1.03%, consumer durables by 0.98%, infrastructure by 0.55% and PSU by 0.24%.

The biggest shocker of downfall was Reliance Industries Ltd which fell about 2% on grounds stating that the government has acquired a firm grip on its stand in a $1 billion dispute over the Panna Mukta and Tapti oil and gas fields.

With the budget presentation of 2015-16 nearing (February 28), investors have begun regrouping their portfolios for they are expecting reformations of economic and financial terms and also some support might come their way via European Bank.

In the meantime, Foreign Portfolio Investors (FPIs) was able to buy shares worth a net of around Rs 2,065.49 crore, as revealed by the Securities and Exchange Board of India (SEBI).

Most of the Asian stocks were betting for an even higher record with ECB on the side as investors thought that the European Central Bank (ECB), might come to terms with a bond-buying stimulus programme for trying to revive the euro zone economy which is lagging behind beyond measures.

Now what is left to be seen is that how far this soaring Sensex bird will fly before it makes a descend to the land.

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