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Sensex, Nifty hit record highs

FXStreet (Mumbai) - The Indian equity indices rose to their second consecutive life time highs today, after the Bank of Japan (BOJ) stunned markets by expanding the stimulus program, which led to a “risk-on” rally across the globe.

The BSE Sensex rose 1.90% to an all-time high of 27865, while the Nifty gained 1.6% to a record high of 830.35 levels. The Sensex breadth was positive with an advance decline ratio of 28:2. Moreover, the gains were driven by blue chip stocks like Housing Development Finance Corp rose 3.8%, Infosys was up 2.3%. Meanwhile, DFC gained 5.6 % after posting Sept. quarter earnings.

Sensex Technical levels

The index has an immediate support at 27,354 levels, below which the prices can test 27,250 levels. Meanwhile, the index already at record high levels, can extend its rally to further highs if the risk-on rally in global markets is extended on Friday.

India Federal Fiscal Deficit, INR climbed from previous 3979.29B to 4388.26B in September

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