Mumbai Aug 9 (IANS) Positive domestic political cues lifted the Indian equity indices to new record highs on Thursday with the benchmark S&P BSE Sensex crossing the 38 000 points mark.
Similarly the the wider Nifty50 of the National Stock Exchange (NSE) recorded a fresh intra-day record high of 11 495.20 points.
According to market observers the high levels came on the back of a domestic political development which renewed confidence in the National Democratic Alliance (NDA) government with the Janata Dal-United s Harivansh Narayan Singh being elected as the Deputy Chairman of the Rajya Sabha. He was fielded by the BJP-led NDA.
Also broadly positive global cues along with better-than-expected quarterly results and inflow of foreign funds pushed the key index higher.
Consequently the benchmark S&P BSE Sensex closed at a new record high of 38 024.37 points higher by 136.81 points or 0.36 per cent from its previous close.
The barometer index touched a fresh record high of 38 076.23 points and a low of 37 939.28 points during the day s trade.
Besides the wider NSE Nifty50 made a new closing high of 11 470.70 points higher by 20.70 points or 0.18 per cent.

--IANS ravi-rv/vm