Indian share prices posted a sixth straight record high close on Tuesday as the market shrugged off devastating rains in Mumbai in the past week which killed 993 people, dealers said. The benchmark Mumbai stock exchange's 30 share Sensex closed up 86.59 points or 1.13 percent to 7,756.04, beating Monday's record close of 7,669.45.
The Sensex has posted six straight trading days of record highs since the start of last week, with the market closed Thursday because of heavy rains.
Trading volumes were strong at 36.91 billion rupees (849 million dollars) as 1,726 companies gained and 774 stocks declined.
Tens of thousands of municipal workers pressed on Tuesday with a massive clean-up in India's rain-lashed financial hub Mumbai as heavy monsoon downpours let up for the first time in a week.
Trading picked up as well Tuesday as brokers previously stranded in flood-hit northern suburbs returned to the financial district at the southern end of the peninsula city.
"It was a bright start and the global market trends were also strong. We expect this (buying interest) to continue for some time, though there will be profit booking at crucial levels," said Atul Hatwar, dealer with brokerage Crosseas Securities.
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