The Indian Stock market has touched an all time high this noon. The BSE touched 21,478 and the Nifty peaked at 6391 points. This is more than 100 points higher than market’s last high of January twenty thirds point of 21,373. The main reason is the FII’s renewed interest in India on the prospects of elections resulting in a stable government.
In the last fifteen days, FII’s have bought about 900 million USD, almost 120 million USD on Wednesday alone. All Reliance share rose to new heights in the current ride, including banking shares, particularly ICIC Bank.
Foreign markets are also witnessing positive sentiment. Nasdaq, Japan’s Nikkei, Hong Kong’s Hang Seng and China’s Shanghai Composite are also trading in green.