Indian Shares Stock Bse/Nse Sensex

The S&P BSE Sensex opened on a positive note and hit a fresh all-time high on the back strong inflows from foreign institutional investors and supportive cues from global peers. According to analysts traders should turn cautious as the market may turn ahead of the March series expiry.

The rupee also appreciated on the back of strong inflows and was close to appreciate above 60 per dollar mark. The partially convertible rupee was at 60.26, up 22 paise against its previous close.

"The finance minister appears to be exuding some kind of confidence saying he is amused to read that 'hope' of a stable government is driving the market. The FM says the rise in the market or improvement in economy is more to do with the 'fact' of a stable government provided by the UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy," said IIFL report.

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