Nifty reclaims 9,900-mark, Sensex up 167 pts on fund inflows
The benchmark NSE Nifty reclaimed
the 9,900-level and BSE Sensex climbed over 167 points in
early trade today on widespread gains following sustained
buying by domestic institutional investors.
The NSE Nifty surged by 50.50 points, or 0.51 per cent
While, the 30-share Sensex surged by 166.62 points, or
0.52 per cent, to 31,937.51 points in early trade.
The gauge had gained 557.30 points in the previous two
Meanwhile, DIIs bought shares worth Rs 1,336.91 crore,
while Foreign portfolio investors (FPIs) sold shares to the
tune of Rs 1,090.10 crore yesterday, as per the provisional
Sectoral indices, led by metal, IT, realty, teck,
consumer durables and oil & gas were trading in the positive
zone, with gains up to 1.62 per cent.
Major gainers that supported the rally were Infosys,
Reliance Industries, Bharti Airtel, Dr Reddy's, Adani Ports,
Tata Steel, Coal India, ICICI Bank, NTPC and Lupin, gaining up
to 3.27 per cent.
Brokers said sentiment was largely bolstered on sustained
capital inflows by domestic financial institutions as well as
Besides, a mixed trend at other Asian markets following a
positive lead from Wall Street after the US Federal Reserve
policymakers hinted at a slower pace of future interest rate
hikes in minutes of their July meeting boosted sentiment, they
Hong Kong's Hang Seng moved up by 0.14 per cent, while
Shanghai Composite Index rose 0.32 per cent in early trade
today. Japan's Nikkei was, however, slightly down.
The US Dow Jones Industrial Average ended 0.12 per cent
higher in yesterday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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