Mumbai, May 11 Extending their record setting run for the second day, benchmarks Sensex and Nifty finished at fresh lifetime highs today as sentiment remained upbeat on forecast of a normal monsoon this year.
After a strong opening, the BSE 30-share gauge reclaimed the 30,000-mark to hit a high of 30,016.04, before closing at 29,926.15, up 67.35 points, or 0.23 per cent.
However, in the last half hour of trade Sensex came under selling pressure and ended the day two points higher than its previous close.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,407.30 points, was quoting at 9,433.75 points, up by 26.45 points or 0.28 per cent.
Major index gainers were HUL, Bharti Airtel, M&M, HDFC Ltd, Adani Ports, Cipla, Power Grid, Reliance Industries, ITC Ltd, NTPC, Bajaj Auto, HDFC Bank and L&T.
Indian shares eked out marginal gains on Thursday as two-wheeler manufacturers advanced on bets stronger monsoon rains would boost farm incomes, helping spur demand for motorcycles and scooters in rural markets. "Financial services stocks were also seen rallying, reflecting markets' expectations for further strength in equities".
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India is likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday.
Meanwhile, after a gap of almost two weeks, the foreign institutional investors (FII) have turned net buyers in the Tuesday's trading session first time after April 25, 2017.
All the sectoral indices led by metal, healthcare, auto and banking, were trading in green with gains of up to 1.02%. Shanghai Composite Index fell 0.03 per cent. The Nifty too, was up by 90.45 points or 0.97 per cent.
Hong Kong's Hang Seng was up 0.64 per cent while Japan's Nikkei gained 0.30 per cent in early trade. It is trading up 3% at Rs 194 per share on the BSE.
On the other hand, the S&P BSE FMCG index fell by 60.05 points, the capital goods index edged down by 45.13 points, and the oil and gas index was down by 30.69 points.