Sensex rises by 70 points

MUMBAI, July 10: Pivotals firmed up further on the Bombay Stock Exchange (BSE) on Friday on speculative support and buying by financial inst...

MUMBAI, July 10: Pivotals firmed up further on the Bombay Stock Exchange (BSE) on Friday on speculative support and buying by financial institutions. The Sensex surpassed the psychological 3400 mark and closed higher by another 70 points. The closing rates showed further modest to handsome gains while the volume of business improved. The closing undertone appeared firm.

The BSE Sensitive opened at 3375.55, touched the day’s high of 3409.50, low of 3344.09 and finally ended at 3401.74, showing a net gain of 69.76 points against the previous close of 3331.98 points. The Sensex has gained by about 313 points during last five trading sessions. The BSE-100 index closed higher by 27.58 points to 1486.68 against the previous close of 1459.10 points.

Despite today being the last session for the current settlement, the sentiment was good due to reports of a possibility of a review in the sanctions against India by the US. This strengthened confidence of marketmen who were already in a jubilant mood.

Foreignfunds bought considerable number of shares at prime counters like Glaxo, Tisco, L&T, BSES and SBI. In the software group, Infosys was in the limelight. On the NSE, pivotals rose further on brisk buying by the Foreign Institutional Investors (FIIs) and domestic funds. After a firm start, share prices rose further sharply and closed with notable gains over the previous closings. The FIIs buy value at Rs 4989.14 lakh was well above the sell value of Rs 2168.46 lakh. The NSE-50 opened higher at 961.65 and rallied further to close at 980.15, showing a good gain of 19.10 from yesterday’s level of 961.05.

rime Minister Narendra Modi addresses the gathering during the inauguration of the PM MITRA Park and foundation stone laying ceremony of development works, in Dhar, Madhya Pradesh. (@NarendraModi via PTI Photo)

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PM Modi turns 75 today, speaking in Dhar district of MP on the occasion, he praised Indian soldiers saying they brought Pakistan to its knees in a blink of an eye as India was not scared of anyone’s nuclear threats and instead “enters the enemy’s home and strikes”. Earlier, he laid foundation stone foundation stone of the country’s first PM MITRA Park.

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