Sensex ends 119 points higher at 35,260, Nifty breaches 10,600-mark on positive investor sentiment
Sensex opened a shade higher at 35,145.75 points, hovered in the range of 35,402 and 35,118.42, before ending the session at 35,260.54, with a gain of 118.55 points, or 0.34 percent, over its previous close
Mumbai: The BSE benchmark Sensex ended 119 points higher on Thursday and the broader Nifty went past the 10,600-mark on positive investor sentiment amid easing crude oil prices, firm rupee and fresh foreign fund inflows.
The 30-share index opened a shade higher at 35,145.75 points, hovered in the range of 35,402 and 35,118.42, before ending the session at 35,260.54, with a gain of 118.55 points, or 0.34 percent, over its previous close.
The gauge had shed 2.50 points on Wednesday in a highly volatile session.
The NSE Nifty also closed 40.40 points, or 0.38 percent, higher at 10,616.70 after shuttling between 10,646.50 and 10,557.50.
The appreciation in rupee, firming trend in other Asian markets and a higher opening of European equities too influenced market mood here.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
Global crude oil prices have fallen by near 30 percent to $65 per barrel from over $86 in early October. Brent crude, the international benchmark fell 0.47 percent to $65.81 per barrel on fears of higher supply.
Investor sentiment also got a boost after foreign investors pumped fresh funds into the domestic market, brokers said.
However, profit-booking at higher levels by speculators at the fag-end of the session trimmed some of the day's gains, they said.
Foreign institutional investors (FIIs) bought shares worth a net of Rs 277.38 crore, while domestic institutional investors (DIIs) sold shares to the tune of Rs 272.34 crore Wednesday, provisional data showed.
The rupee strengthened further by 44 paise to trade at 71.87 against the dollar in late afternoon trade in the forex market.
Market roundup: Sensex ends 54.8 points up by closing bell, Nifty at 17,369; today's top gainers and losers
The top gainers on BSE Sensex were Bharti Airtel, Nestle India, Tata Steel, Bajaj Finserv, and HCL Tech. The top losers were Titan, Utlracem Co, Bajaj Auto, HDFC Bank, and Axis Bank
The top gainers on BSE Sensex were Kotak Bank, Titan, NTPC, Sun Pharma and Axis Bank. The top losers were Nestle India, Maruti, Bajaj Finserv, Bajaj Auto and TCS
The top gainers of BSE Sensex were Kotak Bank, HDFC Bank, Bharti Airtel, Maruti, and Nestle India. The biggest losers were Tata Steel, SBI, TCS, Hindustan Unilever, and Reliance