APN News

  • Saturday, November, 2022| Today's Market | Current Time: 02:03:57
  • Sensex gains 139 pts; at 7-month high on fund inflows

    Published on February 21, 2012

    Mumbai : The BSE benchmark index Sensex on Tuesday climbed to a seven-month high by adding 139 points on fund-based buying in bluechip, led by Reliance Industries, amid a firming global trend.

    The 30-share barometer, which had gained 135.36 points on Friday, added another 139.26 points, or 0.76 per cent to 18,428.61, touching the level last seen on 27th July.

    The broad-based Nifty of the National Stock Exchange closed above 5,600 mark level by rising 42.85 points, or 0.77 per cent, to 5,607.15 on heavy inflow of foreign funds.

    Brokers said investor confidence regained strength on firming global trend after European finance ministers reached an agreement on the USD 170 billion bailout package for Greece to shield from sovereign debt crisis.

    The most heaviest on the benchmark, Reliance Industries, spurted by 2.92 per cent to Rs 841.80 and power equipment major BHEL rose to a two-month high by adding 4.78 per cent to Rs 317.,95 on reports of some measures by the government to help domestic power companies.

    Foreign investors bought a net USD 444 million of Indian stocks in the two days to 16th February, taking their investment this year to USD 4.9 billion, according to the SEBI data.

    Among other gainers, Tata Steel surged 2.79 per cent, followed by State Bank of India, Bharti Airtel and ONGC.

    The realty sector index gained the most by 4.34 per cent followed by consumer durable index.

    SEE COMMENTS

    Leave a Reply