Brief by Shorts91 Newsdesk / 05:24am on 11 Dec 2023,Monday Business
Indian stock indices continued their record-setting run on Monday, with the Sensex breaching the 70,000-mark for the first time ever and the Nifty topping 21,000 in early trade. The Sensex hit an all-time high of 70,048.90 points before trimming gains slightly, while the Nifty also climbed to an intraday peak of 21,019.80. The uptrend comes on the back of strong cues after the RBI raised India's growth forecast last week while keeping rates steady. Experts say positive FII inflows, robust DII investments and enthusiastic retail participation should sustain the rally despite stretched valuations. Among indices, Japan's Nikkei rose while Hong Kong's Hang Seng plunged over 2%. Global stocks had closed higher on Friday.
