In a first, Sensex closes over 30K

The BSE’s benchmark Sensex index closed above the 30,000 mark for the first time on Wednesday, riding a worldwide stocks 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 0.63%, or 190.11 points 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.

Across the globe, stocks climbed in markets from Tokyo to New York as investors cheered robust US corporate earnings and chances of tax cuts for American companies. These, along with a centrist victory in the first round of the French presidential election, kept the markets upbeat.

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