Sensex, Nifty clock fresh closing highs on fund inflows

MUMBAI: Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty on Tuesday hit recent last highs on sustained international fund inflows coupled with sure domestic cues. After swinging over 300 points in a highly risky consultation, the 30-share index ended 66.44 points, or 0.17 consistent with cent, upper at 39,749.73 -- its all-time last top. The gauge hit an intra-day top of 39,828.65 and a low of 39,498.65.

Likewise, the broader NSE Nifty inched 4 points, or 0.03 consistent with cent, upper to 11,928.75 -- another last top for the index. During the day, the bourse hit a top of 11,958.55 and a low of 11,864.90.


Yes Bank was once the most important gainer in the Sensex pack, rallying 4.06 consistent with cent. Other gainers had been Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 consistent with cent.

On the opposite hand, Hero MotoCorp, Bajaj Auto, Bharti Airtel, L&T, Bajaj Finance, M&M, Tata Steel, HDFC, Kotak Bank and ITC had been the foremost laggards, losing up to 2.55 consistent with cent.

The broader BSE midcap and smallcap indices closed up to 0.41 consistent with cent upper.

A renewed sense of positivity has been dictating domestic bourses ever because the BJP-led National Democratic Alliance (NDA) gained the general elections.

Positive cues from different Asian markets and sustained international fund inflows too boosted investor sentiment right here, traders stated.


Foreign institutional traders bought equity price Rs 1,215.36 crore on Monday, whilst domestic institutional traders offered stocks to the song of Rs 327.86 crore, provisional data to be had with inventory exchanges confirmed.


Meanwhile, the Indian rupee depreciated 20 paise to 69.71 towards america buck.


Brent crude, the global benchmark, was once trading 0.33 consistent with cent upper at $69 consistent with barrel.


Globally, bourses in Asia ended on a positive observe, whilst the ones in Europe had been trading in the crimson of their respective early offers.
Sensex, Nifty clock fresh closing highs on fund inflows Sensex, Nifty clock fresh closing highs on fund inflows Reviewed by Kailash on May 28, 2019 Rating: 5
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