Indian share markets hit a record high for a fifth straight session on Friday amid heavy buying by overseas investors. The Nifty gained after two weeks of modest losses. Overseas funds' net purchases of shares have reached nearly $3 billion so far this month.
Investors say the RBI's policy review on April 1, where it is widely expected to keeps rates unchanged, and the coming general elections would act as the next key catalysts for markets.
The Nifty rose as much as 0.9 per cent to an all-time high of 6,702.60, while the Sensex gained 0.67 per cent to a lifetime high of 22,363.97. The Sensex closed 0.57 per cent higher for the day and 2.7 per cent for the week, while the Nifty ended up 0.82 per cent on Friday while posting a weekly gain of 3.1 per cent.