Markets continued their winning streak for the
fourth straight
session with the Nifty ending at a
fresh record closing high. The
Sensex ended 117
points higher at 26,560 and the Nifty gained 31
points to end at 7,936.The cabinet committee
members will be meeting
in evening today, which
also drove the market higher.
Report
suggested
that the cabinet may clear divestment of
government’s
5 percent stake in ONGC via offer
for sale (OFS) and may approve
coal supply
linkages to power plants. The euro is cracking
under
pressure on Wednesday as feverish
speculation of further policy
stimulus in the euro
zone drove bond yields to all-time lows and
lifted
Asian stocks to peaks not seen in almost seven
years. The
rupee weakened against the US dollar
and was closed at Rs 60.43.
Dollar index, a basket
of currencies traded against the greenback,
hit 13-
month high.
