Sharemasterindia.com: Indian stock markets rallied sharply on Thursday with the Sensex rising nearly 300 points to an all-time high of 27,390.60. The Nifty jumped 90 points to hit a new record high of 8,181.55.Continued reform push by the government has boosted sentiments, traders say. On Wednesday, the government relaxed rules for foreign direct investment (FDI) in construction development.
The new rules make it easier for foreign companies to invest in India and many projects will now qualify for FDI through automatic route (no FIPB clearance will be required), analysts say.
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