It was a third consecutive day of gains on the Indian bourses with the Sensex zooming past 190 points to close above the 30,000 mark for the first time ever and the Nifty ending at a record high of 9351.85, up 45.25 pts, ahead of expiry of April derivative contracts (due Thursday). The rally was backed by auto, banking and financials and FMCG stocks.
The bull run was driven by hopes of earnings growth and continued buying by domestic investors. Rising global optimism on French elections results and likely announcement of tax reforms by Donald Trump in the US also pushed the markets higher.
However, mid-caps cooled off a little bit, with the NIFTY Mid-Cap Index ending slightly lower.
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