Nifty points away from record high, Sensex breaches 31,500 for the first time

Infosys, HDFC twins and Reliance Industries Limited are the biggest contributors to the gains of Nifty and Sensex. Infosys was the top Nifty gainer in the afternoon hours on Thursday. It was trading higher by 2.16% at around Rs 963.7 per share. HDFC was the top Sensex gainer trading higher by 1.7% at Rs 1655.1 per share.

Sensex has touched its all-time high of 31,521 level. Nifty is just around 15 points away from its 52-week high. Meanwhile, all the sectoral indices except Nifty FMCG index are trading in the positive territory on NSE.

As per the market observers, the latest SEBI outcome is responsible for the market rally. SEBI eased some FIIs entry norms to encourage foreign institutional investors (FIIs) who are willing to invest in the Indian capital markets directly, rather than using Participatory Notes (P-Notes).

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