Benchmarks Sensex and Nifty finished at lifetime highs for the third day in-a-row on Wednesday on robust buying momentum triggered by the early onset of monsoon and upbeat quarterly earnings. The 30-share BSE Sensex rose 76.17 points, or 0.25 per cent to end at 30,658.77, while the broader Nifty finished at 9,525.75, up 13.50 points, or 0.14 per cent. Persistent buying and foreign fund inflows offset the impact of global volatility sparked by US President Donald Trump's unexpected firing of the FBI chief, brokers said.
Continuing its upmove for the third straight session, the 30-share BSE Sensex zoomed to yet another intra-day record of 30,692.45, but slipped briefly on profit booking to touch 30,519.14. It finally ended 76.17 points, or 0.25 per cent higher at 30,658.77, surpassing its previous record close of 30,582.60 hit on Tuesday. The gauge has now gained 470.62 points in three consecutive sessions. On similar lines, the broader NSE Nifty surged to a fresh intra-day peak of 9,532.60, before ending at 9,525.75, up 13.50 points, or 0.14 per cent.The index overtook its previous lifetime high of 9,512.25 hit on Tuesday.
“Market continued to set new highs but lacked strength on the upside due to worries about US political turmoil. Investors are gearing up for the two-day GST council meet beginning on Thursday getting clarity on rates continued buying from FIIs and announcement of good quarterly results is keeping a positive vibe in the market,” said Vinod Nair, Head of Research, Geojit Financial Services.