Share Market Opening: The stormy boom in the Indian stock market continues even today. The election results in the states and the monetary policy review meeting of the Reserve Bank are acting as triggers in the market. Amid sustained capital inflows from foreign institutional investors and softening crude oil prices, domestic stock markets continued their rise for the seventh consecutive session on Wednesday and reached new highs. BSE’s 30-share Sensex jumped 303.25 points or 0.44 percent to reach a new record level of 69,599.39. By 11 am it crossed the level of 69,601. Nifty also rose 100.05 points or 0.48 percent to reach a new all-time high of 20,955.15. Among Sensex companies, ITC shares rose the most by 1.70 percent, Wipro by 1.43 percent, Tech Mahindra by 1.36 percent and Nestle India by 1.27 percent. HCL Tech, Asian Paints and Reliance were also gainers. At the same time, shares of ICICI Bank, NTPC, UltraTech Cement and Tata Steel declined. In other Asian markets, Hong Kong’s Hang Seng and Japan’s Nikkei were in profit. American markets closed with slight losses on Tuesday. Global oil standard Brent crude was trading at $ 77.30 per barrel with a gain of 0.13 percent. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 5,223.51 crore on Tuesday.
