The benchmark BSE Sensex surged
about 154 points and the NSE Nifty reclaimed the 9,800-
level in early trade today, enthused by higher capital inflows
by domestic investors.
The benchmark BSE Sensex surged
about 154 points and the NSE Nifty reclaimed the 9,800-
level in early trade today, enthused by higher capital inflows
by domestic investors.
The strong start came in the face of sharp jump in
inflation numbers, which were released on Monday.
The 30-share barometer, which had gained 235.44 points in
the previous session on Monday, was trading higher by 153.61
points, or 0.48 per cent, at 31,602.64, with FMCG, auto,
power, consumer durables, IT, metal and realty stocks leading
the gains. Markets remained closed yesterday on account of
Independence Day.
On similar lines, the NSE Nifty was up by 36.60 points,
or 0.37 per cent, at 9,830.75 points.
Brokers said sentiment remained upbeat on the back of
persistent buying by domestic institutional investors (DIIs)
even as retail inflation jumped to 2.36 per cent in July.
Wholesale inflation too rose sharply to 1.88 per cent in
July -- first rise in five months -- as some food articles
turned dearer even as the industry pitched for cut in interest
rates citing weak industrial activity.
Brokers also said a mixed trend at other Asian markets as
fears receded over a potential clash between the US and North
Korea and overnight gains at Wall Street also influenced
sentiments here.
Globally, Hong Kong's Hang Seng was up 0.45 per cent,
while Japan's Nikkei gained 0.02 per cent in their early
trade. Shanghai's Composite index, however, down 0.10 per
cent.
The US Dow Jones Industrial Average ended 0.02 per cent
higher yesterday.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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