Stock Market continued their winning streak for the fourth straight session

 Markets continued their winning streak for the fourth straight session with the Nifty ending at a fresh record closing high. The Sensex ended 117 points higher at 26,560 and the Nifty gained 31 points to end at 7,936.The cabinet committee members will be meeting in evening today, which also drove the market higher. 

Report suggested that the cabinet may clear divestment of government’s 5 percent stake in ONGC via offer for sale (OFS) and may approve coal supply linkages to power plants. The euro is cracking under pressure on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years. The rupee weakened against the US dollar and was closed at Rs 60.43. Dollar index, a basket of currencies traded against the greenback, hit 13- month high.