Stock Market

Sensex hits fresh record high on strong Asian cues, FII inflows

   Download Android App    Share in      FullScreen   CheckVideos

Domestic equity index Sensex scaled fresh lifetime-high in early trade on Tuesday following in the footsteps of its US and Asian peers.

Strong FII flows aided the market rally.

The trade deal between the US and China is still the guiding factor for markets, while traders are also bracing for a hard Brexit. Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 728 crore on Monday, data available with NSE suggested.

DIIs were net sellers to the tune of Rs 796 crore. BSE benchmark Sensex gained 257 points to reach 41,195.

NSE barometer Nifty flirted with all-time high mark.

It added 69.40 points to 12,123. Broader market indices moved in tandem with their headline peers as Nifty Midcap climbed 0.22 per cent to 16,878 while Nifty Smallcap advanced 0.42 per cent to 5,671.

Nifty 500 was up 0.33 per cent at 9,784. India VIX, the volatility index, cracked 5.44 per cent to 12.68.

All sectoral indices on NSE were trading in the green.

Nifty IT was the biggest gainer, up 0.72 per cent in early trade.

The index had closed 1 per cent up on Monday as well. Among Sensex stocks, Maruti Suzuki was the biggest gainer, up 1.81 per cent at Rs 7264.50.

It was followed by Vedanta and YES Bank, each up 1 per cent.

ONGC, Power Grid, NTPC and Bajaj Auto were among the losers on the 30-share pack. Globally, Asian shares rose to their highest in more than a year as trade deal optimism and Wall Street's run to all-time highs supported sentiment. The mood carried MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 per cent to its highest since July 2018.

Japan's Nikkei hit its firmest in more than a year, Hong Kong's Hang Seng rose almost a per cent. Korea's Kospi stood at its highest since May and Shanghai blue chips rose 0.6 per cent, while Australia's S-P/ASX 200 eked a tiny extension to Monday's big gains.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21