Sensex ends marginally in the green…


The Sensex and the Nifty ended the session marginally in the green amid firm European cues.The 30-share BSE index Sensex ended at 27,915.88, up 55.50 points and the 50-share NSE index Nifty ended at 8,338.30, up 14.15 points.

Among BSE sectoral indices, banking index was the star-performer and was up 1.41 per cent, followed by healthcare 1.01 per cent, IT 0.73 per cent and capital goods 0.57 per cent. On the other hand, metal index lost investors’ support and was down 3.03 per cent, followed by power 0.91 per cent, India infrastructure index 0.86 per cent and oil & gas 0.66 per cent.

Axis Bank, Sun Pharma, Dr Reddy’s, ICICI Bank and SBIN were the top five gainers among 30-share Sensex constituents, while the top five losers were Hindalco, SSLT, Coal India, Hero MotoCorp and Bharti Airtel.

The Sensex breached the 28,000-mark and the Nifty hit a new peak of 8,363.65 for the first time in early trade on sustained capital inflows buoyed by a string of economic reforms recently announced by the government amid optimism over encouraging corporate earnings.

Besides, falling global crude oil prices which dipped to its lowest closing point since October 2011 also influenced the trading sentiment, brokers said. The 30-share BSE index Sensex flared up by 141.57 points or 0.5 per cent to hit a new peak of 28,001.95, surpassing the previous intra-day record of 27,969.82 reached on Monday.

Breaching all previous records, the 50-share NSE index Nifty gained 39.50 points or 0.47 per cent to hit a new life-time high of 8,363.65. It had touched the intra-day lifetime high of 8,350.60 on Monday.

Marketmen said persistent inflow of foreign funds and sustained buying by retail investors, buoyed by a series of economic reforms undertaken by the government and better-than-expected earnings by blue-chip companies, lifted the key indices to new highs.

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