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Sensex breaches 29,000-mark, soars over 470 points

The BSE benchmark Sensex breached the key 29,000-mark in closing hour of trade Tuesday on across-the-board buying led by banking, auto and consumer durable stocks amid sustained foreign fund inflows.


Sensex breaches 29,000-mark, soars over 470 points

Zee Media Bureau

The BSE benchmark Sensex breached the key 29,000-mark in closing hour of trade Tuesday on across-the-board buying led by banking, auto and consumer durable stocks amid sustained foreign fund inflows.

Besides, a firming trend overseas after a slowdown in the US job creation dimmed expectations of an interest rate rise by the Fed this month, too accelerated buying activity in domestic equities.

Sentiment also bolstered after India's services sector growth touched the highest level in over three-and-a-half years of 54.7 in August, from 51.9 in July.

Also, the 50-share Nifty went past the 8,900-mark, by climbing 133.35 points or 1.51 percent to 8,943.

World shares closed in on one-year highs today as the prospect of prolonged cheap borrowing costs and a recent rise in oil prices set off a new emerging market bull run.

Japan`s Nikkei stock index closed up 0.3 percent as the yen gave up some gains from Monday, when Bank of Japan Governor Haruhiko Kuroda shied away from detailed talk of fresh BOJ stimulus.

With Agency Inputs

From Zee News

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