Continuing their rallies, the BSE Sensex and the CNX Nifty set new records during the week under review and closed at new closing highs of 28,693.99 and 8,588.25 respectively on sustained foreign fund inflows amid falling crude prices.
Global crude oil prices dropped to USD 72/barrel, the lowest level since August 2010. Falling oil price is good news for India, which imports 80 per cent of its requirements.