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Sensex Finishes at Record High

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Sensex Finishes at Record High

October 31
08:18 2013

sensexOctober 31 – On hopefulness that US Federal Reserve will carry on its stimulus package, the Sensex closed at a record closing peak of 21,033.97 points yesterday, October 30, with an augment of almost 105 points.

On robust foreign inflows and ameliorated domestic sentiments, the Sensex hit fresh highs. In spite of Sensex ending at all-time highs, market experts recommended caution.

As soon as Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), increased the repo rate by 0.25 percentage point and cut the MSF rate by similar rate, the Sensex finished at a record high.

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