Sensex hits new peak at 31,494 on SEBI measures

Prime News, National, Business, Mumbai, June 22:-  The flagship Sensex today rallied 211 points to hit an all-time high of 31,494, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India.

On Wednesday, the regulator SEBI relaxed entry norms for overseas investors, rationalised ‘fit and proper’ criteria as also simplified other requirements.

The watchdog also decided to expand eligible jurisdiction for grant of FPI registration by including countries with diplomatic tie-ups with India.

Getting off the ground on a strong footing, the 30-share index rose further by 210.68 points, or 0.67 per cent, to hit a new peak of 31,494.32, breaking its previous life-time high (intra-day) of 31,430.32 reached on June 6.

All indices led by auto, healthcare and banking showed up in the green.

The 50-share NSE Nifty too gained 46.30 points, or 0.48 per cent, at 9,679.90.

Covering-up of short positions helped lift the indices too. A mixed trend prevailed at other Asian bourses.

-(NGB, Inputs: Agencies)

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