Sensex, Nifty hit record highs after BoJ surprise easing

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Reuters
Last Updated : Oct 31 2014 | 3:16 PM IST

The BSE Sensex and Nifty rose to their second consecutive life highs on Friday, tracking soaring Japan shares after the Bank of Japan stunned markets with new easing steps.

BoJ's easing coupled with brightening U.S. prospects helped an already bullish domestic market rising on rate cut hopes and ongoing reforms.

The benchmark BSE Sensex rose as much as 1.67 percent to an all-time high of 27,803.30 while the Nifty gained as much as 1.6 percent to a record high of 8,300.35.

Both indexes were heading towards their biggest single-day gains since Sept.18.

Blue-chips were leading the gains.

Housing Development Finance Corp rose 3.8 percent, Infosys was up 2.3 percent.

IDFC surged 5.6 percent after July-Sept. earnings.

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(Reporting by Abhishek Vishnoi)

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First Published: Oct 31 2014 | 3:02 PM IST

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