look news india
Ahmedabad: Indian stock markets today rose to new highs as Sensex and Nifty touched 85,000 and 26,000 levels respectively after news of relief package announced by China, breaking record highs on the back of profit booking and sell.
After the record rise in the market in the early part of today's trading, another relief package was announced by China. In which other measures including reduction in the outstanding mortgage rate were announced. Earlier yesterday also China had announced a cut in short-term interest rates.
After the announcement of China's relief package, it was expected that foreign investors' investment will increase towards China. Today, foreign investors sold in the market. The reason behind this was the profitable sale by the players.
Following the above reports, the Sensex closed down 14.57 points at 84914 after making a new intraday high of 85163 and the Nifty closed down 1.35 points at 25940 after making an intraday high of 26011.