Sensex, Nifty rise for the sixth day as foreign funds pour in

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Rising for the sixth straight day, the BSE benchmark Sensex on Wednesday climbed to yet another record closing high of 22,551.49 on increased foreign fund inflows mainly in banking and oil stocks amid firm global trends.

In the day trade, the 30-share index touched all-time high of 22,592.10 for the eighth day in a row. Later, it settled at 22,551.49, up by 105.05 points, or 0.47 per cent, over previous close.

The broad-based National Stock Exchange’s index Nifty rose by 31.50 points, or 0.47 per cent, to record closing high of 6,752.55, after scaling an intra-day peak of 6,763.50.

Gains in Reliance Industries (1.68 per cent), ICICI Bank (1.53 per cent) and Tata Motors (2.62 per cent) helped Sensex scale another peak, brokers said.