Zee Media Bureau
New Delhi: The BSE Sensex and Nifty hit record highs on Friday tracking the sharp fall in Brent crude price, which is headed for its steepest monthly decline since November 2008.
The BSE rallied over 326 points to hit a new peak of 28,765.52 in the morning trade. The Nifty also surged 97.20 points to hit all-time high of 8,591.40 in the opening trade.
The government will release the July-September economic growth data later in the day, which probably slowed to 5.1 percent from a year ago, according to Reuters poll showed.
The Reserve Bank of India is also due to hold its quarterly policy review on December 2.
The rupee depreciated by 6 paise to trade at 61.93 against the US dollar in early trade on Friday, extending yesterday's weakness due to sustained month-end demand for the American currency from importers.
The dollar's gains against other currencies overseas also put pressure on the local unit but a record opening in the domestic equity market limited the losses, forex dealers said.
