Business
Foreign Funds Inflow Sees Sensex Jump 618 Points , Nifty Closes Above 26,000 Mark ; Update On Rupee vs Dollar
Building on the previous session’s rally, the 30-share BSE Sensex jumped 638.12 points or 0.75 per cent to settle at 85,567.48.
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Benchmark stock indices Sensex and Nifty surged nearly 1 per cent as investor sentiment remained positive amid foreign fund inflows and a rally in global markets on expectations of further monetary policy easing by the US Federal Reserve.
Building on the previous session’s rally, the 30-share BSE Sensex jumped 638.12 points or 0.75 per cent to settle at 85,567.48.
During the day, it surged 671.97 points or 0.79 per cent to 85,601.33.
The 50-share NSE Nifty climbed 206 points or 0.79 per cent to close above the 26,000 mark at 26,172.40. From the 30-Sensex firms, Trent, Infosys, Bharti Airtel, Tech Mahindra, Bharat Electronics and Maruti were among the biggest gainers.
However, State Bank of India, Kotak Mahindra Bank, Larsen & Toubro and Titan were the laggards.
In Asian markets, South Korea’s Kospi jumped over 2 per cent, while Japan’s Nikkei 225 index climbed nearly 2 per cent. Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also settled in positive territory.