Sensex, Nifty Updates from wisepowder's blog
The S&P BSE Sensex and NSE Nifty 50 indexes closed at record
highs for the third session in a row on Wednesday, led by gains in auto
and metal shares. The benchmarks traded in a choppy manner during most
of the day, with a negative bias. However, late buying in banking shares
reversed the trend for the benchmarks. The Sensex rose as much as 449
points from day's lowest level to hit an all-time high of 47,807.85 and
Nifty 50 index touched a record high of 13,997.To get more news about WikiFX, you can visit wikifx official website.
The Sensex ended 133 points higher at an all-time closing high of
47,746.22 and Nifty 50 index climbed 49 points to settle at a record
high of 13,981.95.
A gush of liquidity by foreign investors is lifting the benchmarks to
new highs on a daily basis, analysts said. In Tuesday's trading session,
foreign institutional investors (FIIs) bought shares worth ₹ 2,350
crore. So far this calendar year, FIIs have purchased Indian equities
worth $22.44 billion while they have been net sellers in debt markets to
the tune of $14 billion, data from NSDL showed.
Seven of 11 sector gauges compiled by the National Stock Exchange
ended higher, led by the Nifty Auto index's 1.3 per cent gain. The Nifty
Metal, Realty and FMCG indexes also rose 0.4-1.3 per cent each.
The Wall