BSE Sensex surges 145 points on fund inflows

The benchmark Bombay Stock Exchange (BSE) index Sensex on Monday rose by over 145 points in early trade, extending its winning streak for the third straight session on sustained overseas fund inflows and better-than-expected quarterly earnings.

Besides, a mixed trend at other Asian markets influenced trading sentiments in the domestic market.

The 30-issue BSE barometer surged by 145.92 points (or 0.52 per cent), to 28,267.81. The index had gained 775.07 points in the previous two sessions.

Brokers said apart from heavy purchases made by foreign funds on the domestic bourses on Friday, encouraging corporate earnings and a mixed trend at other Asian markets on a strong pick-up in oil prices mainly buoyed trading sentiments.

DON’T MISS: Stock market outlook for the week

The broader 50-share National Stock Exchange (NSE) index Nifty edged higher by 35.20 points (or 0.41 per cent), to 8,549.00.

Shares of Wipro gained 6.87 per cent to Rs 593.40 after company’s net profit rose 9 per cent to Rs 2,192.8 crore in Q3.

Among Asian markets, Hong Kong’s Hang Seng declined by 0.63 per cent, while Japan’s Nikkei rose by 0.81 per cent in early trade on Monday.

The Dow Jones Industrial Average ended 1.10 per cent higher on last Friday.

Rules of Discussion on BSE Sensex surges 145 points on fund inflows

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
Loading comments …