Sensex along with Nifty also hit new all-time highs

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- Five consecutive days of bullishness in the market

- Sensex 62701 and Nifty hit a record high of 18614

AHMEDABAD: On the back of various favorable factors, two major indices of the Indian stock market, Sensex and Nifty, today bounced back from the highs after forming new all-time highs.

Crude prices in the international market fell to a 10-month low along with reports of a significant reduction in India's import bill, which had a favorable impact on the market sentiment as foreign investors turned to the Indian stock market again.

On the back of these reports, fresh buying by funds and players came out today under the watchful eye of foreign investors. Sensex rose to a new record high of 62701.40 and closed at the end of business by 211.16 points at a new high of 62504.80.

The Nifty also rose intra-day and crossed the previous high of 18605 to touch a new record high of 18614.25 and finally closed up 50 points at a new high of 18562.75.

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