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BSE, Nifty touch record high today

| | Nov 05, 2014, at 04:54 pm
Mumbai, Nov 5 (IBNS): The BSE Sensex rose above 28,000 for the first time ever while the 50-share Nifty also hit a record high in morning trade on Wednesday, reports said.

The Sensex scaled nearly 150 points to hit a new high of 28,006. The Nifty also climbed to 8,363 points which is also a new high.

The gains were driven by banking stocks which rose in anticipation of a rate hike next month.

The banking sub-index on the National Stock Exchange (NSE) hit an all-time high of 17,316, sources said.

This was the fourth consecutive session when Indian stock markets touched record highs. 

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