Sensex up 130 points on foreign fund inflows, Asian markets
The 30-share barometer spurted by 130.20 points, or 0.45%, to 28,576.32 with all the sectoral indices led by healthcare and consumer durables, trading in the positive zone with gains up to 0.86%.
The benchmark BSE Sensex surged over 130 points in early trade today on the back of sustained foreign capital inflows after government eased FDI rules, and a firming trend at other Asian markets.The 30-share barometer spurted by 130.20 points, or 0.45%, to 28,576.32 with all the sectoral indices led by healthcare and consumer durables, trading in the positive zone with gains up to 0.86%.
The gauge had rallied 513.22 points in past two straight days.
On the similar lines, the National Stock Exchange index Nifty climbed 34.90 points, or 0.40%, to 8,642.95. Brokers said persistent buying by foreign funds and retailers investors triggered by the government's move to introduce a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits, buoyed trading sentiments.
Besides, a firming trend at other Asian markets after the European Central Bank boosted emergency aid to Greece and eurozone chiefs agreed a bridging loan to the country, too supported the rally on the domestic markets here, they said. Among other Asian markets, Hong Kong's Hang Seng index was up by 1.12%, while Japan's Nikkei moved up by 0.15% in early trade.
The US Dow Jones Industrial Average ended 0.39% higher in yesterday's trade.