Sensex scales new peak despite weak global mkts

MUMBAI: A hawkish US central bank and sharply lower Asian markets notwithstanding, Dalal Street continued to rally on Thursday with the sensex closing 340 points up at 65,786, a new all-time high closing level.
The day’s gains came on the back of strong buying in heavyweights like Reliance Industries, M&M and Axis Bank, BSE data showed.
In early trades, most of the Asian markets were deep in the red after minutes of the last meeting of US Federal Reserve’s rate setting committee showed most members were ready to hike rate in June
On Dalal Street, however, the sensex set a new all-time peak at 65,833 points. The strong buying also lifted investors’ wealth to a record level with BSE’s market cap at Rs 304.5 lakh crore.

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