BSE Sensex rises 248 pts to end at new closing peak of 27,346.33 pts

Written by PTI | Mumbai | Updated: Oct 30 2014, 21:36pm hrs
BSE SensexThe 30-share BSE index rose as much as 1.1 percent to an all-time high of 27,390.60. (Reuters)
Indian shares rose nearly 1 percent to a record high on Thursday as investors bet an improving economy and government reforms would allow the country to better withstand potential rate hikes by the US Federal Reserve.

The 30-share BSE index rose as much as 1.1 percent to an all-time high of 27,390.60, while the NSE index gained as much as 1.12 percent to mark a record high of 8,181.55, surpassing their previous highs hit on Sept. 8.

Exporters led gainers on the increased Fed optimism about the U.S. economy, with Infosys Ltd provisionally ending up 1.6 percent while rival Tata Consultancy Services Ltd gaining 2.3 percent.

The benchmark BSE index provisionally closed 0.73 percent higher, while the broader NSE index gained 0.82 percent, rising for eight sessions in nine.