Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark

FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges

India’s benchmark indices gained for seventh consecutive session on Wednesday, closing at fresh highs buoyed by positive global cues and strong buying by foreign portfolio investors (FPIs). The Sensex went past the 63,000 mark for the first time.

Though trading was range bound for most of the session, it picked up momentum in the last 30 minutes. The Sensex ended the session at 63,099, rising 418 points or 0.6 per cent. The Nifty closed at 18,758, gaining 140 points or 0.7 per cent. Both the indices ended the month with gains of around 4 per cent. The Sensex has added 1,955