MUMBAI: Indian shares jumped to their highest-ever trading level yesterday in ceremonial trade to mark the Hindu festival of Diwali.
The Bombay Stock Exchange benchmark Sensex hit 21,321.53 points in evening trade, beating the previous high of 21,293.88 points set on Friday.
The rally was led by strong foreign fund inflows and an easing of both global and domestic economic concerns.
Auto and power stocks were gainers in yesterday’s trade.
The Sensex retraced on profit taking to end at a new record close of 21,239.36 points.
The stock markets were open for a 75-minute token “Muhurat” trading session late in the evening.
Traders buy stocks to seek blessings from the Hindu goddess of wealth Lakshmi, in hopes of prosperity in the coming trading year. AFP
