The benchmark BSE Sensex gained over 34 points in opening trade today on buying in oil, banking and IT stocks amid sustained foreign fund inflows.
Indian shares edged up for the fifth consecutive session today as the market benchmark Sensex rose by 147.33 points to 26,932.88 on sustained foreign fund inflows amid prospects of a delay in the US Fed rate hike.
Tracking firm global cues, the market benchmark Sensex today closed at one and a half months high of 26,785.55 with a surge of 564.60 points as inventors sensed diminishing chances of the Fed rate hike in the near future after a weak US jobs report.
BSE Sensex surged over 750 points from the session’s low after the RBI surprised with a bigger-than-expected rate cut but late selling in healthcare and metal stocks trimmed gains and the index ended 161.82 points higher at 25,778.66.
A day ahead of Reserve Bank monetary policy meet, Indian shares today hit over two-week lows in late sell-off with the benchmark BSE Sensex tumbling 247 points and the NSE Nifty slipping below the 7,800-mark amid weakness in European markets and mixed Asian cues.
The benchmark BSE Sensex sank over 220 points to fall below the 26,000-level in early trade today due to profit-booking by investors after recent gains amid mixed Asian cues.
At 12.11 pm, Sensex was up 501.62 points at 26,465.59. Similarly, Nifty was up 154.70 points at 8,053.85 during the same time.
The benchmark BSE Sensex propelled by a rally in Chinese stocks and overnight gains in the US vaulted 258 points today to close at 25,963.97 — its highest close in over two weeks — ahead of the US Fed meeting.
Buoyed by renewed hopes of a policy rate cut, the BSE Sensex today made a spirited comeback, gaining over 246 points to close at 25,856.70 — a two-week high — on back of a further contraction in WPI numbers for August and better-than-expected IIP for July.
Rising for a second straight session, the benchmark BSE Sensex spurted by 402 points today to settle at a one-week high of 25,719.58 led by gains in metal, realty and auto stocks on strong rally in global shares.
A late rally in Chinese equities today boosted global investor sentiment, which helped the benchmark BSE Sensex to recover from its 15-month low, while gains in banks and metal stocks on value-buying also played part in the index’s surge of 424 points to 25,317.87.
China nightmare and lingering worries over monsoon tormented markets on Monday when the benchmark BSE Sensex closed below the 25,000-mark for the first time in 15 months, losing 308 points in a day.
Caution over US jobs data, global cues and a falling rupee pulls bourse to end at 25,201 points
A strong push for value-buying coupled with upbeat global cues today made sure the benchmark BSE Sensex ended the day in the positive zone after three straight days of losses, which jumped 311 points to close at 25,764.78.
The BSE 30-share was bound for the south, hitting a low of 25,579.88 before ending at 25,696.44, down 586.65 points, or 2.23 per cent.