Nifty closes at 28-month high; Sensex rules above 20K level

Nifty closes at 28-month high; Sensex rules above 20K level Zee Media Bureau

Mumbai: The NSE 50-share Nifty closed at highest level since January 2011 in a special trading session Saturday on the back of buying mainly in healthcare, metal, PSU and refinery sectors in view of sustained capital inflows from foreign funds.

Foreign institutional investors (FIIs) bought shares worth a net Rs 544.11 crore yesterday as per provisional data from the stock exchanges.

The 30-share BSE benchmark Sensex, which had regained 20,000 level after over three months yesterday, added another 39.70, or 0.20 percent to settle at 20,122.32.

Similarly, the NSE 50-share Nifty also moved up by 12.50 points or 0.21 percent to 6,107.25.

The bourse had organised a two-hour special trading session between 1115 and 1245 hrs in the derivatives, cash and Securities Lending and Borrowing Scheme (SLB) segments from its disaster recovery site today.

Brokers said the trading volumes were low as investors took advantage of the special trading and picked up few fundamentally strong stocks.

They said the upsurge was mostly backed by pharmaceutical and metal sectors amid an overnight firming trend in the US market.

The US stock markets posted a third consecutive week of gains last night with a rise in Google and other technology shares with the Dow Jones Industrial Average and S&P 500 ending at record highs.

Out of the 30 BSE shares, 21 stocks witnessed gains led by Dr Reddy's Lab, Sun Pharma, Cipla, Reliance Industries, ICICI Bank, SBI, Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Coal India.

With PTI Inputs