BENGALURU (Reuters) – India’s benchmark Nifty 50 rose to a new record high in pre-open trade on Wednesday, extending a four-month rally since March driven by strong domestic growth, cooling inflation, healthy corporate earnings and strong foreign inflows.
The Nifty rose 0.48% in pre-open trade to 18,908.15.
The broader midcap and smallcap indexes are hovering around record levels, but their gains have sparked concerns over high valuations.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
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Source: The Print
