TNN / Aug 31, 2024, 06:53 IST
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Sensex and Nifty reached new highs on Friday, driven by positive feedback from global ratings firms about the Indian economy. Buying by India-focused funds after MSCI updated the weights for some Indian stocks also boosted sentiment. Nifty closed at 25,236, marking its 12th straight session of gains, the longest run since the index was launched.
MUMBAI: The sensex and Nifty hit a new high again on Friday on the back of positive remarks about the Indian economy from
global ratings firms
. The sentiment also got a boost from buying by India-focused funds after
MSCI
changed weights for some Indian stocks in their indices. At the day’s close, the sensex was up 231 points at 82,366 while Nifty added 86 points to close at 25,236.
For Nifty, it was the 12th consecutive sessions of gains – the biggest unbroken run-up for the index since its launch about 30 years ago.
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