Indian markets continue strong run as Sensex closes at record high

Indian markets continued dominant run on Thursday with Sensex closing at a record level of 40,653.74 and NSE Nifty ending a tad over the 12000-mark.

Earlier on Wednesday, markets made a strong comeback after finance minister Nirmala Sitharaman announced the approval of Rs 25,000 crore package to revive stalled housing projects.

During the day, BSE Sensex gained 183.9 points or 0.45 per cent to close at 40,653.74 while NSE Nifty rose 46 points or 0.38 per cent to end with 12,012 points. 

Sun Pharma was the biggest gainer in the Sensex with a rise of 3.5 per cent in the share value after reporting a quarterly profit of Rs 1064 crore. IndusInd Bank, Asian Paints, Reliance, ITC, HDFC, HDFC Bank, and Infosys were the other winners in the 30-share index.

The impact of Centre's package to the real estate sector was felt on NSE Nifty as the share value of Sobha Ltd and Prestige Estates Projects, Phoenix Mills and Indiabulls Real Estate Limited rose.

Sensex's latest high meant that it ended green in nine out of the last ten sessions due to factors such as better than expected quarterly figures, corporate tax cuts and measures taken by the government to boost Indian economy.

(With inputs from agencies)