Mumbai: The BSE’s benchmark Sensex index closed above the 30,000 mark for the first time on Wednesday, riding a worldwide stock rally fuelled by central-bank asset buying. Experts advised investors against irrational exuberance, saying underlying fundamentals hadn’t changed; few expect the liquidity-driven rally to stop.
The Sensex rose 190.11 points, or 0.63%, higher to close at 30,133.35 points. This follows the 50-share Nifty’s record closing above 9,300 points on Tuesday. On Wednesday, the Nifty climbed 0.49% to close at 9,351.85.