Sensex breaches 31,000-mark for the first time, Nifty touches 9,600

Domestic investors' buying spurs gains

The stock market continued to charge ahead on Friday with the BSE’s benchmark Sensex scaling the 31,000-mark for the first time and the National Stock Exchange’s Nifty testing 9,600. Both rallied close to a per cent each, led by strong gains in heavyweights such as ITC and Reliance Industries, which rose three per cent and 2.5 per cent, respectively.

The Sensex closed at 31,028.21, the latest 1,000-point rally coming in only 21 trading sessions. The 31,000-mark was breached the day the Narendra Modi government completed three years in office. 

Experts said investors were betting on a sustained pick-up in the economy and