Sensex scales another peak of 30346.69; Nifty at 9450.65

BSE Sensex opened up 0.29% at 30018.96 points and touched a life-time high of 30197.66 points

Both Sensex and Nifty traded at a new life time high.

Airtel showcased a strong uptrend through the day but fell to become the second biggest laggard on the BSE 30, tracking 2.21 per cent lower.

Sentiment was also lifted by Asian stocks, which edged higher for a third consecutive day, as investors focused on strong corporate earnings and the dollar gave back some of its recent gains.

Hindalco gained over 4 per cent after its subsidiary Novelis announced 46 per cent jump in net income at $73 million during the fourth quarter ended March 2017. European indices were trading mixed in their late morning session.

The scrip was down 0.27 per cent on the BSE Sensex.

The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as. The stock of Hindalco Industries is the top contributor to the index gains and pulling it to higher levels.

With investors' positive sentiment that widened their buying spree following the forecast of a normal Monsoon this year by Indian Meteorological Department (IMD), benchmarks Sensex and Nifty surpassed its previous record closing and hit fresh record highs on Wednesday.

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The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 29,915.12 points, traded at 29,919.08 points (at 12.45 p.m.) - up 60.28 points or 0.20 per cent from the previous day's close at 29,858.80 points.

The broader NSE Nifty rose as much as 0.81 per cent to a record high of 9,392.50, surpassing its previous milestone recorded on May 05.

Among the top gainers, Wipro, Axis Bank, Adani Ports, Larsen & Toubro and International Olympic Committee rose 1-3 percent.

However, power fell 1.22 percent, utilities 1.03 percent, oil&gas 0.93 percent, energy 0.63 percent and capital goods 0.51 percent.

India is likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday.

Japan's Nikkei 225 was up 0.2 percent while South Korea's benchmark Kospi index was up 0.55 percent on Thursday.

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