Key indices further up on global cues
Sensex, Nifty climb on foreign fund inflows and buying in RIL, Infy & ITC
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Mumbai: Equity benchmark indices Sensex and Nifty rallied on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries, Infosys and ITC also helped markets extend their previous day’s gain.
The 30-share BSE Sensex advanced 273.67 points or 0.42 per cent to settle at 65,617.84. During the day, it rallied 526.42 points or 0.80 per cent to 65,870.59. The NSE Nifty climbed 83.50 points or 0.43 per cent to end at 19,439.40.
“The market now awaits the Q1 results, IT sector which kicks off from Wednesday, where expectations are muted with a focus on the sustenance of margin and improvement in long-term guidance. The positivity also stems from China’s anticipated stimulus to withstand economic growth and hope on the moderation in US inflation data,” said Vinod Nair, Head of Research at Geojit Financial Services.
