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Market rally continues, Nifty breaches 8,800-mark

The National Stock Exchange's index Nifty surged by 55.90 points, or 0.63 percent to, 8,800.25.


Market rally continues, Nifty breaches 8,800-mark

Mumbai: Stock markets continued their winning run for the third straight session, with the NSE Nifty reclaiming the psychological 8,800 level after 16 months and BSE Sensex rising over 131 points in early trade today on widespread gains amid sustained foreign fund inflows.

The National Stock Exchange's index Nifty surged by 55.90 points, or 0.63 percent to, 8,800.25.

While, the 30-share Sensex surged by 131.37 points, or 0.46 percent, to 28,474.38 points in early trade.

The gauge had gained 560.76 points in the previous two sessions.

All the sectoral indices, led by realty, banking and healthcare were trading in the positive zone with gains up to 1.08 percent.

Brokers said sentiment was largely bolstered on sustained foreign fund inflows and persistent buying by domestic financial institutions as well as retail investors.

Besides, a firming trend at other Asian markets boosted sentiment, they said.

Japan's Nikkei moved up by 0.79 percent, Shanghai Composite Index rose 0.18 percent in early trade today. Hong Kong's Hang Seng was slightly up.

The US Dow Jones Industrial Average, however, ended 0.26 percent down in yesterday's trade.

From Zee News

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