Sensex soars 305 points, recaptures 36,000-mark on earnings optimism
Rising for the third straight day, the BSE Sensex rallied about 305 points to end at an over 5month high of 36,23962 on Tuesday as participants...
NSE Nifty climbed 94.35 points, or 0.87 per cent, to end at 10,947.25.
Mumbai: Rising for the third straight day, the BSE Sensex rallied about 305 points to end at an over 5-month high of 36,239.62 on Tuesday as participants wagered on encouraging corporate earnings.
Sentiment got a boost on unabated buying by domestic institutional investors (DIIs) and a good set of corporate results so far, brokers said. The 30-share Sensex hit a high of 36,274.33 before ending at 36,239.62, up 304.90 points or 0.85 per cent.
It has now gained 665.07 points in three sessions. The benchmark is just a tad lower from its all-time high of 36,283.25 hit on January 29 this year. Similarly, the 50-share NSE Nifty climbed 94.35 points, or 0.87 per cent, to end at 10,947.25. Intra-day, it shuttled between 10,956.90 and 10,876.65.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating robust investor optimism after a prolonged lacklustre spell.
Domestic institutional investors (DIIs) picked up shares worth a net Rs 740.39 crore yesterday, while foreign portfolio investors (FPIs) offloaded equities to the tune of Rs 569.91 crore, provisional data showed.