Sensex climbs to record 400 points

2 years ago | 23-01-2015 | IBNS

Mumbai, Jan 23 : The BSE Sensex rose nearly 400 points (1.4 percent) and the broader Nifty advanced over 100 points in early trade on Friday as Indian stock markets opened at record highs for a fourth straight session on Friday, media reports said.

The Friday's rally was triggered following a USD 1.15 trillion stimulus announcement by the European Central Bank (ECB) overnight.

The ECB said it would buy government bonds from March this year until the end of September, 2016 to kick-start the stagnant eurozone economy, reports said.

As of 09.45 am, the Sensex traded 365 points higher at 29,371 while the Nifty was up 95 points at 8,857.

The BSE Sensex and Nifty are now on course for a seventh straight day of gains since RBI's surprise rate cut announcement last week. The massive rally has seen the Sensex add around 2,000 points.