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Our Bureau

Mumbai, Aug 27

The positive sentiments in the Asian and global markets, as well as indications of continuing stability in the country’s political scenario fuelled another rally on the bourses on Monday.

The BSE-30 Sensex jumped 417.51 points or 2.89 per cent, to close at 14,842.38 points, while the NSE S&P CNX Nifty gained 112.45 points to end the day at 4,302.60 points.

“The trigger for today’s rise was provided on Thursday when the Left parties decided to support the Government. That had led to the markets rising on Friday. Today’s rise is a continuation of that,” said Mr Manish Sonthlia, Vice-President, Equity Strategy, at Motilal Oswal Securities.

“There was a general positive sentiment in the market as the global markets gave a positive indication and investor interest resumed domestically with broad-based buying”, said Ms Anita Gandhi, Head of Institutional Business, Arihant Capital Markets Ltd.

FIIs helped the markets take the upward course as they turned net buyers at Rs 695.35 crore.

Domestic institutional investors were net buyers to the tune of Rs 193.32 crore, as per the provisional figures on NSE.

Among the sectoral indices, Monday’s biggest gainer was the BSE Realty index which rose 5.37 per cent.

Among individual companies, the top gainers on the Sensex were SBI and ICICI Bank, which gained 6.17 per cent and 5.93 per cent respectively.

More Stories on : Stock Markets | Foreign Institutional Investors

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