Sensex up 84 points on FII inflows…


The Sensex and the Nifty were trading higher by nearly 0.3 per cent on sustained buying by foreign funds and retail investors amid a firm trend in other Asian bourses and hopes of further push to economic reforms by the government after recent Cabinet expansion.

At 10.10 a.m., the 30-share BSE index Sensex was trading at 27,958.80, up 84.07 points and the 50-share NSE index Nifty was trading at 8,364.95, up 20.7 points.

Among BSE sectoral indices, realty index gained the most by 1.27 per cent, followed by capital goods and infrastructure index 0.65 per cent each. On the other hand, IT index was down 0.06 per cent and TECk 0.02 per cent.

In the opening trade, the Sensex rose 76.16 points, or 0.27 per cent, to 27,950.89 with infrastructure, realty, oil & gas, healthcare, PSU and auto stocks leading the rise. Similarly, the Nifty edged higher by 20.35 points, or 0.24 per cent, to 8,364.60.

Brokers said that the domestic sentiment remained upbeat as foreign funds and retail investors engaged in enlarging positions on expectations of acceleration in economic reforms by the government after the expansion of the Union Cabinet.

Besides, a firm trend in other Asian markets in line with overnight gains in the US market and falling global crude oil prices, which eased to four-year lows, also bolstered the trading sentiment here, they said

Most Asian stocks rose, with the regional benchmark index heading for its third day of gains, as Japan’s Topix index climbed after the Standard & Poor’s 500 Index extended a record rally on earnings optimism.

Among other Asian markets, Japan’s Nikkei rose 0.53 per cent, while Hong Kong’s Hang Seng gained 0.27 per cent in early trade.

The US Dow Jones Industrial Average closed at a new record-high by rising 0.23 per cent in yesterday’s trade.

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