BSE Sensex soars by 2 pct to record high; Bank of Japan’s surprise easing helps rally

On Thursday, Sensex surged about 248 points to end at new peak of 27,346.33, extending gains for the third day.

BSE Sensex surged nearly 2 percent on Friday to a record high for the second consecutive day after Bank of Japan’s surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen and Toubro.

The 30-share BSE index rose as much as 2 percent to an all-time high of 27,894.32, while the NSE index gained as much as 1.98 percent to mark a record high of 8,330.70, surpassing their previous highs hit on Thursday.

Larsen & Toubro surged 3.6 percent, while Housing Development Finance Corp rose 4.1 percent.

Both the indexes are also heading towards their eighth month of gains in nine.