Sensex closes at record 30,248; Nifty breaches 9400-mark post forecast of normal monsoon

The Sensex rallied to a record close of 30,248, while the NSE Nifty breached the 9,400- mark for the first time on Wednesday as investors widened their exposure, spurred by forecast of a normal monsoon this year.

After a strong opening, the 30-share BSE Sensex continued its upward journey to hit a fresh intra-day high of 30,271.60 before ending at 30,248.17, spurting 314.92 points, or 1.05 per cent.

The index broke its previous record closing of 30,133.35 reached on April 26. It also surpassed its intra-day peak of 30,184.22 recorded on April 27.

On similar lines, the NSE Nifty, after hitting an all- time high of 9,414.75, settled higher by 90.45 points, or 0.97 per cent at 9,407.30. This surpassed its previous record close of 9,359.90 on May 4, as well as the intra-day peak of 9,377.10 hit on May 5.