Sensex above 47K on US stimulus package; Wall Street hits record high'

The Indian equity benchmark indices closed at yet another record high on the first day of the year's final week. Continuing foreign portfolio investor (FPI) flows and positive global cues on US President Donald Trump’s signing a $2.3-trillion spending Bill, including a $900 billion coronavirus relief package, helped the benchmark Sensex to end higher and breach the 47,000-mark.
 
Most markets worldwide, including European and US indices, were in the green, with Wall Street’s main indices hitting record highs in early trading. Germany’s DAX, too, traded at a record high.  In India, the Sensex rose as high as 47,406, but