Sensex crosses 32k, Nifty at new high on rate cut chances

Sensex crosses 32k, Nifty at new high on rate cut chances

FPJ BureauUpdated: Thursday, May 30, 2019, 05:10 AM IST
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Mumbai : The Sensex on Thursday went past the 32,000-mark for the first time ever soaring over 232 points and the Nifty closed at a new peak 9,892 as inflation hit a record low, offering the RBI leeway for a lower policy rate.

  The 30-share BSE index took 33 sessions to rise 1,000 points before it finally went beyond the psychologically significant 32,000.

 The BSE Sensex settled at a new peak of 32,037.38, up 232.56 points, or 0.73 per cent. It surpassed its previous record of 31,804.82 touched on Wednesday. In past four days, the index had gained 676.75 points, reports PTI.

The broader 50-issue NSE Nifty spurted 75.60 points, or 0.77 per cent, to close at fresh lifetime high of 9,891.70, bettering its earlier record 9,816.10 hit on Wednesday. Both indices rose for the fourth consecutive session.

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