Sensex Maintains Upward Trend; Hits 28k Mark

The Bombay Stock Exchange Sensex increased by 159.33 points, hitting another lifetime high of 28,027.96 in the early morning trade today. The National Stock Exchange Nifty, too, crossed another milestone of 8,383.05.

According to brokers, inflow of foreign funds and large scale buying in the expectation of economic reforms following expansion of the Cabinet by Prime Minister Narendra Modi helped boost trading sentiments.

The rupee, too, increased by 17 paise to reach Rs 61.45 against the dollar amid sustained foreign capital inflows.