The benchmark Sensex at the Bombay Stock Exchange rose 412 points or 1.08 per cent to close at a seven-month high of 38,545 on Thursday owing to strong buying demand in index pivotals which included Bankex, IT, Realty, Capial Goods and Telecom stocks.
The Nifty of National Stock Exchange (NSE) too gained by 124.95 points at 11,570.
Sliding by 100 points on Wednesday, the Sensex opened higher by 76 points to 38,208.30 and it spurted by 461 points to 38,593.65 day high before closing at 38,545.72, advancing by 412.84 points from its last close.
The Nifty recorded day high and low at 11,588.50 and 11,452.45 points respectively.
The sectoral indices like FMCG, Bankex, IT, Telecom, Capital Goods, Consumer Durable and Realty pushed the market positive.
In scrips, HCL Technologies, SBI, Yes Bank, Axis Bank and Sun Pharma too supported the market. However, selling in Tata Steel, ONGC, Bajaj Auto, Powergrid and NTPC capped from further gain, broker
informed.
The market sentiment was boosted by data showing that foreign funds and domestic funds, both, were net buyers of Indian stocks on Wednesday.
The data released by the stock exchanges showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1,481.11 crore on Wednesday. Domestic institutional investors (DIIs) bought shares worth a net Rs 134.92 crore on Wednesday.
Traders rolled over positions in the F&O segment from the near month March 2019 series to April 2019 series. The March 2019 F&O contracts expired on Thursday.
The S&P BSE Mid-Cap index rose 1.06 pc. The S&P BSE Small-Cap index rose 0.95 pc.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1659 shares rose and 986 shares fell. A total of 174 shares were unchanged. (UNI)
