The rally continued in Indian stock on Wednesday with the indices reaching fresh highs as the benchmark Sensex topped 67,000 mark.
Sensex and Nifty settled 0.40.5 per cent higher today. All the Nifty sectoral indices were in the green, with Nifty bank, Nifty financial services, Nifty media, Nifty PSU bank, Nifty consumer durables, and Nifty oil and gas rising the most. Several analysts have pointed out that any further rally from the current levels is unlikely as valuations are higher. In the past one-month, the indices – Sensex and Nifty -- cumulatively gained about 6 percentage points.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks.
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