The 50-share benchmark Nify closed above the psychological mark of 10,000 for the first-time ever on Wednesday with overall positive trend in global markets and gains in select index heavyweights pushed the equity indices to a new high.
The Nifty of the National Stock Exchange (NSE) gained 56.10 points to close at 10,020.65. During intra-day trade, the index touched a high of 10,025.95. The 30-share Sensex gained 154.19 points to close at a new high of 32,382.46.
“There is no reason why India should not attract investment from across the world and domestically” but in the near term, fundamentals need to catch up, said Vikram Limaye, the newly-appointed head of NSE, commenting on the milestone.
Gains in the global market also acted as a catalyst in lifting investor sentiments. While leading Asian indices like Nikkei and Hang Seng gained ground on Wednesday, most of the European indices were also trading in the green. Incidentally, the Dow Jones and Nasdaq are also trading at record levels.