While the Sensex is up 1.83% or 619 points, Nifty has risen 1.84% or 191.65 points during the last six trading sessions this year. Brokerages too are bullish on the prospects of the Indian market.

The 30-share Sensex opened higher and continued its upward march to touch a new intra-day record high of 34,385.67, surpassing its previous high of 34,188.85 hit on January 5.

Overseas investors poured in a staggering Rs 1.5 lakh crore in the Indian debt markets in 2017 on the back of higher bond yields and stable currency, after pulling out massive funds in the preceding year.

Foreign investors are flocking to the Indian capital markets in a big way with a net inflow of more than Rs 2 lakh crore of so-called 'hot money' in 2017, with equities alone getting over USD 8 billion - an amount bigger than the cumulative investment of the previous two years.

Energy firms gained on higher crude prices as sentiment was upbeat in domestic and global energy stocks with Brent crude hitting its highest level since July 2015 after Saudi Arabia agreed to support the extension of a global oil production cut agreement. While Reliance Industries gained over 1 percent, the ONGC stock rose up to 4 per cent post its Q2 earnings.

The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade today as participants trimmed their positions, triggered by lower GDP numbers and core infrastructure sectors growth.

The turnover in the high-yielding cash segment of the NSE and the BSE grew 17.6 per cent and 5.5 per cent, respectively, in February compared to the previous month.

Besides, fund managers pumped in over Rs 31,000 crore in the debt market last month. According to the data released by the Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 5,234 crore last month.

The benchmark BSE Sensex opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade. At 1145 hrs, the Sensex surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in IT major TCS and Infosys.

Shares of auto and metal sectors did much of the rescue job for the market benchmark. Also, the NSE Nifty rescaled the key 8,100 mark. The 30-share Sensex after shuttling between 26,390.80 and 26,125.35 settled 118.44 points or 0.45 per cent higher at 26,349.10. The gauge had lost 422 points in the previous two sessions on sustained foreign fund outflows amid weak global cues.

The rupee on Thursday gained a paisa against the US currency to end at 66.95, extending its winning streak to the third straight session despite weak macro-economic data.

A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove.

The rupee on Tuesday recovered from one-month low level to close higher by 13 paise at 67.06 a dollar on the back of selling of the US currency by banks and exporters.

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Robust FII inflows into the equities and debt predominantly supported the domestic currency to sustain its momentum for the second consecutive day.

Notwithstanding robust macro data, the rupee continued its incessant free fall for a third day against the US currency and ended lower by 19 paise at 67.45 on sustained demand for the American currency.

Taking note of the low F&O volumes at the BSE, the board of Sebi has suggested the regulator to engage with the exchange to \"explore ways for increasing the volume\".