Source: ShutterstockMumbai: The Sensex has roared past 35,000 points for the first time, buoyed by the Centre's decision to cut its additional market borrowings by 60 per cent in the current financial year. The government will borrow only an additional Rs 20,000 crore against an initial plan of Rs 50,000 crore that was unveiled in December, the finance ministry said in a statement. The decision to trim the borrowings was taken after reviewing trends in revenue receipts and expenditure patterns, the finance ministry added. The index rose 88.10 points, or 0.82 per cent, to close at 10788.55, thus breaching its previous record of 10741.55 hit on January 15. Banking stocks led the market rally amid mounting concerns about a market bubble in some sections of the market.

Source: The Telegraph January 17, 2018 21:22 UTC