Indian benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust economic data in the U.S. dampening hopes of early interest rate cuts.
Nifty50 hit a fresh lifetime high of 23,000 in today’s trade before trading at 22,970, up 2 points meanwhile the BSE Sensex hit a record high of 75,582 before trading 77 points higher at 75,495 at around 9.46 am.
Data on Thursday showed U.S. jobless claims dropped while S&P Global’s Flash PMI survey showed business activity expanded faster than economists forecast in May.
The article originally appeared on The Economic Times.
