A sharp market correction is likely to happen when the FIIs turn big sellers. But there are no signs of that yet.
The Nifty rose 169.80 points, or 0.94 percent, to 18,161.75, a record closing high.
Overall market breadth was positive as 1,952 stocks on the BSE advanced, while 1,481 declined and 159 remained unchanged
Overall market breadth was positive as 2,216 stocks advanced on the BSE, while 1,084 declined and 143 remained unchanged
After hitting a lifetime high of 60,333 during the day, the 30-share BSE index closed 163.11 points or 0.27% higher at record 60,048.47
After touching an intra-day record high of 58,515.85, Sensex ended 166.96 points or 0.29% higher at 58,296.91
Nifty metal slipped the most, losing over 2%, followed by nifty financials. Financials continued to be major laggards as all indices lost close to 2%.