Market rally continues, Nifty breaches 8,800-mark
Stock markets continuing their winning run for the third straight session, with the NSE Nifty reclaiming the psychological 8,800 level after 16 months and BSE Sensex rising over 131 points in early trade on Wednesday on widespread gains amid sustained foreign fund inflows.
The National Stock Exchange’s index Nifty surged by 55.90 points, or 0.63 per cent to, 8,800.25.
While, the 30-share Sensex surged by 131.37 points, or 0.46 per cent, to 28,474.38 points in early trade.
The gauge had gained 560.76 points in the previous two sessions.
All the sectoral indices, led by realty, banking and healthcare were trading in the positive zone with gains up to 1.08 per cent.
Besides, a firming trend at other Asian markets boosted sentiment, they said.
Japan’s Nikkei moved up by 0.79 per cent, Shanghai Composite Index rose 0.18 per cent in early trade today. Hong Kong’s Hang Seng was slightly up.
The US Dow Jones Industrial Average, however, ended 0.26 per cent down in Tuesday’s trade.
The domestic equity market on Monday felt the aftershocks of a humiliating defeat for the BJP-led led NDA in the Read more
Shares of Essar Oil has rallied 15% to Rs 213, also its 52-week high on the NSE in early morning Read more
MUMBAI: Stunned by the margin of the BJP-led NDA's crushing defeat in the Bihar assembly elections, the Sensex opened over Read more
The rupee rose by 5 paise at 66.39 against the US dollar in early trade today on fresh selling of Read more
