Dynamite News
Sensex jumps over 250 pts; Nifty breaches 11,000 mark
BSE benchmark Sensex jumped over 250 points and NSE Nifty breached the 11,000 mark in early trade Wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors.
Mumbai: BSE benchmark Sensex jumped over 250 points and NSE Nifty breached the 11,000 mark in early trade Wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors.
The 30-share index was trading 255.89 points, or 0.70 per cent, higher at 36,872.70. Similarly, the 50-share NSE Nifty reclaimed the 11,000 mark, rallying 81.40 points, or 0.74 per cent, 11,015.75.
Also Read: Gold rises tracking firm trend overseas; silver gains
On Tuesday, the Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81; and the NSE Nifty edged up 22.10 points, or 0.20 per cent, to 10,934.35.
The RBI's Monetary Policy Committee (MPC) began its three-day review meet on Tuesday.
"Foreign participation has certainly gained pace after the US Fed's patient view and is expected to support stocks with strong underlying fundamentals," he added.
On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 420.65 crore Tuesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 194.31 crore, provisional data available with BSE showed.
Also Read: Rupee rises 13 paise to 71.67 vs USD in early trade
The rupee, meanwhile, appreciated 5 paise against US dollar to 71.52.
The benchmark Brent crude futures slipped 0.10 per cent to USD 61.92 per barrel. (PTI)