Sensex regains 39K-level, ends record high at 39,275.64 pts

Sensex regains 39K-level, ends record high at 39,275.64 pts

Agency News

Mumbai, Apr 16: Continuing its gaining streak for the fourth straight session on Tuesday, the BSE Sensex scaled by 369.80 points to reclaim the 39K-level and end at 39,275.64 on persistent buying in Materials, Telecom, Finance, Capital Goods and Bankex counters buoyed by forecast of near-normal monsoon rains this year as well as
firm cues from global peers.

The Nifty of National Stock Exchange (NSE) too advanced by 96.80 points to 11,787.15.

With the Indian Meteorological Department forecasting near-normal monsoon this year, there was a surge in buying of domestic stocks by foreign portfolio investors in tandem with positive cues from global markets.

Keeping positive trend intact for the fourth day today, the Sensex edged higher 135 points to 39,040.30 in early trade and then surged by 459 points to touch day's high of 39,364.34 before closing at 39,275.64, advancing by 369.80 points as compared to its last close.

The Nifty recorded day's high and low at 11,810.95 and 11,731.55 points, respectively.

The gains in sectoral indices like Materials, Finance, Bankex, Capital Goods, Consumer Durables and Oil & Gas boosted the equity market for another day today, along with scrips of IndusInd Bank, ICICI Bank, ONGC, L&T and Maruti Suzuki.

While, selling in Powergrid, Infosys, Tata Motors and Tata Motors DVR restricted its further gains, brokers informed.

The broader markets outperformed the Sensex, as the BSE Mid-Cap index and Small-Cap increased by 0.12 percent and 0.37 pc, respectively.

The market breadth was almost even on BSE, as 1,279 shares advanced while 1,284 fell and 161 were unchanged.

Globally, the Asian stocks remained near a nine-month high today.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, led by gains in China and India.

Mainland Chinese shares rose 1.7 per cent, partly on brisk home prices data while Japan’s Nikkei edged up 0.2 per cent. (UNI)