The benchmark Sensex surged over 137 points in early trade today as investors built more bets amid increased foreign fund inflows.
Equities jumped for a second straight session today, led by gains in auto stocks on forecast of an ‘above normal’ rains this year, following back-to-back monsoon failures, while domestic investors and foreign funds increased buying ahead of key macroeconomic data due later in the day.
Buoyed by expectations of a good monsoon this year, the BSE Sensex regained the 25,000-mark today by rebounding 348 points to snap its two-day losing run, as investors widened their bets in bank and IT sectors in the last two hours of the session.
The 30-share barometer fell 53.77 points or 0.22 per cent to 24,631.65 with IT, teck, consumer durables, oils and gas, auto and banking stocks leading the fall.
The benchmark BSE Sensex regained the 25,000-mark by surging over 145 points in early session today, mostly driven by widespread buying by investors as well as foreign funds amid firm Asian cues.
The benchmark BSE Sensex today jumped by 275 points to settle at an over two-month high of 24,952.74 and also logged its third weekly gain as foreign funds continued to pump in money amid a firm global cues
Market benchmark Sensex ended lower today after giving up its early gain of over 265 points on fag-end selling in healthcare and realty stocks, while other emerging markets perked up after the US Federal Reserve maintained a status quo on policy rate.
Fag-end buying saved the day for the domestic market as BSE Sensex reversed all of its early losses to settle 131 points higher at 24,682.48, tracking a strong opening in Europe as investors awaited the US Federal Reserve’s policy meet outcome.
Market benchmark Sensex slipped from its six-week high today by plunging 253.11 points to 24,551.17 while NSE Nifty cracked below the 7,500-mark on profit-booking in healthcare and FMCG stocks amid weak global cues.
Market benchmark Sensex gained for a second straight day, rising 86 points to close at a six-week high of 24,804.28 as investors chose to ignore disappointing factory output data and further fall in wholesale prices amid sustained foreign fund inflows.
After a day’s pause, market benchmark Sensex resumed its upward march by bouncing 95 points in a choppy trade to end at 24,717.99, spurred by rally in FMCG, healthcare and oil&gas stocks as buying activity re-emerged amid a firming trend overseas.
The winning run for markets continued for the sixth straight session, with the BSE Sensex reversing all its losses to close about 135 points higher at 24,793.96 — a 5-week high — on continued expectations that RBI would bring down the policy rate.
Sensex managed to close the session with a paltry gain of about 40 points at a one-month high of 24,646.48 on heightened chances of RBI delivering a policy rate cut sooner than later.
The rupee rose for the fifth straight session to close at a fresh 7-month high of 67.34, rising by another 20 paise on sustained selling of dollars by banks and exporters.
Ending a four-day rising streak, market benchmark Sensex today tanked 379 points amid foreign institutions selling heavily and domestic investors staying on the sidelines.