India remains one of the most attractive investment destinations for global portfolio investors
Sensex surged 117.34 points or 0.44 per cent to end the day at a new high of 26,560.15. (Photo: PTI)
MUMBAI: The equity markets climbed higher and closed at a record high on Wednesday on growing expectation that the European Central Bank (ECB) would be announcing further stimulus measures in its forthcoming policy meeting.
This means more funds would flow into emerging market equities with India remaining one of the most attractive investment destinations for global portfolio investors.
After opening the day on a strong note, the Nifty gained 31.30 points or 0.40 per cent to end the day at 7,936.05, just 64 points away from its psychological barrier of 8,000 level marks. The Sensex surged 117.34 points or 0.44 per cent to end the day at a new high of 26,560.15.
According to the provisional data released by the stock exchanges, foreign portfolio investors purchased shares worth Rs 290.18 crore.
“There is a strong possibility of Nifty hitting the 8,000 level mark on Thursday as traders roll over their August derivative positions.
( Source : dc correspondent )
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