India’s NSE index rose as much as 1.2 percent to a record high, and the benchmark BSE index hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil.
The broader NSE’s all-time high of 6,477.55 points, surpassed its previous high of 6,415.25 hit on Dec. 9, although the benchmark BSE got there first, hitting a record high on Thursday and again on Friday.
Foreign investors are driving the rally, sparking strong gains in the rupee as well.
On Thursday foreign investors posted their biggest daily purchases since Dec. 19, amounting to a net 12.73 billion rupees ($208 million), and marking a 15th consecutive buying session.
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