India’s equity markets on Wednesday registered new record highs for a consecutive day, led by strong buying from foreign investors. The benchmark BSE Sensex gained 104.19 points, or 0.36 per cent, to 28,888.86, while the National Stock Exchange (NSE) Nifty added 33.9 points, or 0.39 per cent, to 8,729.5.
The indices advanced despite shares of top-weight ITC ending five per cent lower, making 123-point negative contribution to the index. ITC’s rival Hindustan Unilever gained five per cent and was the biggest gainer on the Sensex, followed by Bharti Airtel (four per cent) and HDFC (2.7 per cent).