Sensex breaches 32,000 mark for first time; Nifty gains 39.70 points to break into a new high at 9,878.50 in early trade

The BSE Sensex on Thursday crossed the 32,000 mark for the first time as it opened at 31,896, up by 91.41 points in early trade. The NSE Nifty too gained 39.70 points and opened at 9,855.80.

Both the indices were gaining more than 0.50 per cent. However, the indices continued to consolidate on the early gains as Sensex soon breached the 32,000-mark. In morning trade, ITC, ICICI Bank and NTPC were the major gainers.

Meanwhile, the rupee strengthened 15 paise to 64.39 against the dollar on Thursday, backed up by record-shattering stocks, as foreign capital stayed on an upward trajectory.  The level of dollar selling by exporters and banks intensified, too. 

A muted show by the greenback against other currencies overseas added momentum to the rupee.  The flagship Sensex broke through the 32,000-mark for the first time ever, which gave the uptrend more lift, traders added.

The Nifty too hit a fresh life high.  Yesterday, the rupee had recovered 5 paise to close at 64.54 against the US currency.