BSE Sensex breached the 35,000 mark for the first time on Wednesday, as banks rallied after the government decided to cut its additional market borrowing requirement by 60% for the current fiscal year.
The BSE Sensex was up 0.89% at 35,081.82, while the broader NSE Nifty ended 0.82% higher at 10,788.55. Both indexes posted record closing highs.
Vinod Nair, Head of Research, Geojit Financial Services
After an anguished start market turned pace to new highs as improvement in sentiment due to government’s reassessment to cut down additional borrowings for the current fiscal raised its fiscal prudence. Additionally, outperformance of PSU