Indian stocks reach historic high

Shares at India’s benchmark Bombay Stock Exchange (BSE) have hit a record high on the back of falling oil prices and strong corporate performances.

The Bombay sensitive index (Sensex) breached the 7,500 mark for the first time in its 130-year history.

Gains were led by oil, gas and steel companies and the sensex closed the day at 7,505.60 points.