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Sensex surges 142 pts on global cues as Nifty touches 7940; ONGC leads

Wednesday, 27 August 2014 - 10:10am IST | Place: Mumbai | Agency: PTI

Sensex surges 142 pts on fund inflows, global cues Mumbai, Aug 27 Rising for the fifth consecutive session, the benchmark BSE Sensex today moved up further by 142 points in early trade on sustained foreign capital inflows coupled with a firming trend on other Asian bourses.

The 30-share index, which had gained over 128 points in the previous four sessions, gathered another 142.51 points, or 0.54 per cent, to 26,585.32. All the sectoral indices, led by consumer durables, realty and PSU, were trading in positive zone, rising up to 1.40 per cent.

The NSE Nifty also shot up by 39.80 points, or 0.50 per cent, to 7,944.55. Brokers said besides sustained foreign capital inflows and increased buying by retail investors, covering up of short positions by speculators ahead of tomorrow's monthly expiry in the derivatives segment bolstered trading sentiment.

The top gainers are ONGC, Bajaj Auto, HCL Tech, Dr Reddys and ICICI Bank. The top lsoers in the early trade are NTPC, Hindalco, Power Grid Corp, Kotak Mahindra Bank and GAIL.

All sectors are in the green this morning except consumer durables, FMCG, oil and gas, and BSE PSU.

Besides, a firming trend on other Asian markets following another record close on Wall Street fuelled by positive data on the US economy triggered buying activity, they said. In the Asian region, Japan's Nikkei rose 0.23 per cent, while Hong Kong's Hang Seng gained 0.25 per cent in early trade today.

The US Dow Jones Industrial Average closed 0.17 per cent higher in yesterday's trade. 

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