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Sensex, Nifty touch record high; India-focused stocks rally

Last Updated: Tuesday, March 18, 2014 - 11:47

Mumbai: The benchmark S&P BSE Sensex surges 189 points to 21,999.22 in the morning trade on persistent buying mainly in banking, auto, refinery and FMCG sectors in view of sustained foreign capital inflows coupled with higher global cues.

The 30-share index Sensex resumed opened higher and firmed up further to 22,040.72 before quoting at 21,999.22 at 1000 hours, showing a gain of 189.42 points, or 0.87 percent from its previous close.

The NSE 50-share Nifty also moved up by 57.45 points, or 0.88 percent, to 6,561.65 at 1000 hours.
Major gainers were Maruti Suzuki 6.87 percent, BHEL 2.48 percent, SBI 2.29 percent, M&M 2.14 percent, Gail India 1.63 percent, Axis Bank 1.62 percent, CIL 1.61 percent, RIL 1.56 percent and ONGC 1.49 percent.

Foreign institutional investors (FIIs) bought shares worth a net Rs 982.19 crore on last Friday as per provisional data from the stock exchanges.

Asian stocks rose in their early trade as an improvement in US factory output boosted optimism in the world's biggest economy.

Key benchmark indices in South Korea, Taiwan, Hong Kong, Japan and Singapore rose 0.1 percent to 1.08 percent while indices in China and Indonesia fell 0.1 percent to 0.62 percent.

US stocks rose yesterday as data showing a gain in industrial production boosted optimism over the economy and investors watched developments in Ukraine.

PTI
First Published: Tuesday, March 18, 2014 - 10:04
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