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Market update: BSE Sensex closes above 27,000 for first time, Nifty hits new high

The milestone comes a day after the broader National Stock Exchange (NSE) Nifty surpassed the 8,000 level for the first time.

Abhishek Vishnoi   Mumbai     Last Updated: September 2, 2014  | 17:41 IST
Sensex crosses 27K level, Nifty hits new high
(Photo: Reuters)

The benchmark Bombay Stock Exchange (BSE) Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high, as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.

The 30-share BSE barometer rose as much as 0.8 per cent to a record high of 27,082.85 before provisionally ending 0.57 per cent higher.

The milestone comes a day after the broader National Stock Exchange (NSE) Nifty surpassed the 8,000 level for the first time. The 50-share Nifty also hit a record high on Tuesday, rising as much as 0.92 per cent to 8,101.95. It provisionally ended up 0.69 per cent.

HDFC Bank rose 2.2 per cent, while ITC gained 1.4 per cent.

(Reuters)

 

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