January 17, 2018 / 6:40 AM / in 7 months

Sensex breaches 35,000 level for first time as banks rally

REUTERS - India’s benchmark BSE Sensex breached the 35,000 mark for the first time on Wednesday, as banks rallied after the government decided to cut its additional market borrowing requirement by 60 percent for the current fiscal year.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, December 18, 2017. REUTERS/Shailesh Andrade

The BSE Sensex was up 0.89 percent at 35,081.82, while the broader NSE Nifty ended 0.82 percent higher at 10,788.55. Both indexes posted record closing highs.

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Subhranshu Sahu

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