A benchmark index of Indian equities scaled the 20,000-point mark Tuesday, fuelled by some impressive buying by foreign funds and overall positive mood in other markets.
Soon after the opening bell, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shot up to 20,088.96 points, the highest in 32 months. This was for the first time since Jan 17, 2008, the index breached the 20,000-point mark.
But profit taking resulted in steady losses for the index, falling to 19,860.88 points at one stage, before rising again to 19,966.70 points, with a gain of 60.60 points or 0.30 percent over the previous close at 19,906.10 points.
Monday had seen the Sensex gain 311.35 points or 1.59 percent at 19,906.1 points over the previous close at 19,594.75 points, with foreign funds pouring in $373.25 million into the markets.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was at ruling at 5,982.45 points Tuesday, up 2 points or 0.03 per cent. The index had touched intraday high of 6032.80 points and a low of 5961.85 points.
In the current month, these funds have invested over $3 billion in the Indian equities market, taking their net buying of equities to $11.59 billion in the current calendar year, data with the markets watchdof Securities and Exchange Board of India showed.
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