After Obama's Visit, Sensex Scales Fresh Record High

Owing to optimism over Indo-US nuclear deal amid a boost in fund inflows by overseas investors, the benchmark Sensex on Tuesday surged 292.20 points to end at new closing high of 29,571.04.

According to a PTI report, the Sensex touched all-time high of 29,618.59, before settling at fresh closing peak of 29,571.04 -gain of 292.2 points or 1%.

Sanjeev Zarbade, vice-president of Private Client Group Research, Kotak Securities, said, “Sensex ended at record highs led by mainly banks. Strong global cues also aided the investor sentiment. Macroeconomic data is also turning increasingly positive on fiscal as well as external side, which is prompting foreign investors to take a positive view on India. Going ahead, important datapoints include GDP growth numbers for the US and UK.”

After the US President Barack Obama and Prime Minister Narendra Modi unveiled a deal aimed at unlocking billions of dollars in nuclear trade and strengthening defence ties, a surge was noticed in capital goods sector stocks.