After touching an intra-day high of 48,004.71, the 30-share Sensex was trading 1,660.99 points or 3.59 per cent higher at 47,946.76; and the broader Nifty surged 462.15 points or 3.39 per cent at 14,096.75. (PTI)
Mumbai: Indian market's outperformance continued as the Sensex closed above the 60000 level after a gap of more than six months. The benchmark index closed at 60115.13 points gaining 321.99 points or 0.54 per cent. The Nifty-50 closed at 17936.35, up 103 points or 0.58 per cent.
FPIs were net buyers of equities worth Rs 2049.65 crore.
"India is trading at premium valuations compared to emerging market on high growth expectations. Midcap Index outperformed with 24 per cent return since Mid-June while Nifty delivered 16 per cent return,” said Mitul Shah, head of res-earch, Reliance Securities.
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