Mumbai, May 16 : Markets soared to record-smashing heights for the second straight session today as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer.
Benchmark Sensex finished at a fresh lifetime high of 30,582 while the broader Nifty closed above the 9,500-mark for the first time.
Both indices had hit record highs in yesterday’s trade as well.
Earlier this week, the weather office said Southwest monsoon has covered the Nicobar Islands and the entire south Andaman Sea, three days ahead of its normal onset date.
Encouraging quarterly earnings and upbeat global cues further fuelled the momentum, brokers said.
The 30-share Sensex opened on a strong footing and zoomed to a new peak of 30,591.55, before winding up 260.48 points, or 0.86 per cent higher at 30,582.60, breaching its previous record close of 30,322.12 points reached yesterday.
It also went past its previous intra-day record of 30,366.43 points hit on May 11.
The 50-share NSE Nifty too maintained its bull run and touched a new peak of 9,517.20. It finally settled 66.85 points, or 0.71 per cent higher at 9,512.25, surpassing its previous closing high of 9,445.40, recorded yesterday.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 235.33 crore yesterday, while domestic institutional investors (DIIs) sold shares worth a net Rs 65.77 crore, as per provisional data released by the stock exchanges.
