Zee Media Bureau
New Delhi: The BSE Sensex rose above 26,100 level on Wednesday while the NSE Nifty hit a record high of 7,809.20 points, led by gains in information technology (IT) stocks and lenders.
Sensex gained 121 points to end at a new closing high of 26,147.33 points. The Sensex extended a winning run for seventh straight session.
Besides widespread buying by funds and retail investors on the back of encouraging Q1 earnings by bluechip companies, covering up of pending short positions by speculators helped the key indices -- Sensex and Nifty -- to continue their upward journey, stock brokers said.
Further, a firming trend in other Asian markets on easing concerns over Ukraine and overnight gains in US markets influenced the trading sentiments here, they said.
