BSE Sensex at record high, NSE Nifty crosses 6,600; ICICI Bank leads gain

Written by Reuters | Mumbai | Updated: Mar 26 2014, 15:11pm hrs
BSE SensexBSE Sensex and NSE Nifty rose to a record high in early trading.
The benchmark BSE Sensex rose to a record high in early trading on Wednesday as blue chips such as ICICI Bank extended recent gains bolstered by buying from foreign institutional investors, while strength in other Asian markets also helped.

* BSE Sensex: Check Live Stocks

The NSE Nifty rose as much as 0.50 percent to an all-time high of 6,622.80 while the benchmark BSE index also rose 0.5 percent to a lifetime high of 22,162.52 to surpass their previous record highs hit just on Tuesday.

* NSE Nifty: Check Live Stocks

Overseas investors have helped underpin gains, with net purchases in shares reaching $2.53 billion so far this month, according to regulatory data.

Asian shares raced to two-week highs on Wednesday, with investor confidence getting a much needed boost from upbeat U.S. data and lingering hopes China may take steps to stimulate its sagging economy.

ICICI Bank rose 1.3 percent while Tata Motors gained 1.5 percent.

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