Dynamite News
Sensex scales record high, Nifty holds above 11K
Extending yesterday's rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade today amid buying by domestic institutional investors and easing global crude oil prices.
Mumbai: Extending yesterday's rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade today amid buying by domestic institutional investors and easing global crude oil prices.
The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee. The 30-share BSE index spurted by 227.91 points, or 0.62 per cent, to hit new high of 36,747.87, surpassing its previous record of 36,740.07 recorded on July 13.
However, at 0950hrs, the index pared some gains and was trading 108.72 points, or 0.30 per cent, higher at 36,628.68. The gauge had gained 196.19 points in the previous session. The 50-share NSE Nifty also rose by 62.05 points, or 0.56 per cent, to 11,070.10. Domestic institutional investors (DIIs) bought shares worth a net pf Rs 840.06 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore yesterday, provisional data released by stock exchanges showed.
The US Dow Jones Industrial Average ended 0.22 per cent higher yesterday. (PTI)