Sensex closes at 63588 with Nifty breaking new record

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- Investor's assets of Rs. 85,000 crore increase

- Sensex ended up 195 points to close at 63523 after booking profits at higher levels.

AHMEDABAD: Despite adverse global trends, the Sensex rose intra-day to break the previous record and touched a new high of 63588 at the Mumbai stock market on the back of favorable factors including the continuous fresh buying of foreign investors and the reduction in domestic inflation along with a break in interest rate hikes. On the other hand, NSE's Nifty also ended today without a new record.

Along with various favorable reports, during the Prime Minister's visit to the US, cooperation in sectors such as IT and defense increased, with the possibility of more foreign companies starting operations in India. On the other hand, even by local organizations today Rs. 550 crores of new levy was undertaken.

On the back of these reports, intraday Sensex touched a new record high of 63588.11 today. However, selling pressure from the higher head later lost the record level and closed at 63523.15 at the end of the session.

The NSE Nifty also rose to 18875.90 intraday on fresh buying. Which was only 12 points away from its highest level of 18887.60. However, it closed at 11856.85, up 40.15 points at the close of business.

Following the correction in the Sensex today, investor wealth (BSE market cap) increased by Rs. 85,000 crores increase to Rs. 294.36 lakh crore was at a record level.

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