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India's Nifty 50 hits record high in pre-open trade
Abstract：BENGALURU, June 28 (Reuters) - Indias benchmark Nifty 50 rose to a new record high in pre-open trade
BENGALURU, June 28 (Reuters) - Indias benchmark Nifty 50 rose to a new record high in pre-open trade on Wednesday, extending a four-month rally since March driven by strong domestic growth, cooling inflation, healthy corporate earnings and strong foreign inflows.
The Nifty (.NSEI) rose 0.48% in pre-open trade to 18,908.15.
The broader midcap (.NIFMDCP100) and smallcap indexes (.NIFSMCP100) are hovering around record levels, but their gains have sparked concerns over high valuations.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee
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