Sensex hits 35,000 for the first time

The benchmark BSE Sensex hit 35,000 for the first time as IT stocks such as Infosys and private lenders such as ICICI Bank rallied amid broader value buying in the market.

Meanwhile, the National Stock Exchange index Nifty reached a new high of 10,760.70 in late afternoon trade.

The rupee was also higher at 63.93 against the US dollar in recent trade. The rupee had closed at 64.03 against the US currency on Tuesday.

The NIFTY 50 index is National Stock Exchange's benchmark broad-based stock market index for the equity market. It represents the weighted average of 50 Indian company stocks in 12 sectors and is one of the two main stock indices used in India.

Sensex is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. The 30 component companies which are some of the largest and most actively traded stocks are representative of various industrial sectors of the Indian economy.

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