Sensex rises 205 points to end at 33,455.79, Nifty closes above 10,300-mark

Mumbai: Rising for the third straight session, benchmark Sensex finished over 205 points higher at 33,455.79 on Monday on persistent buying by domestic institutional investors amid positive global cues.

The broader NSE Nifty too closed above the 10,300-mark.

Representational image. Getty.

Representational image. Getty.

Optimistic buying in blue-chip stocks ahead of release of industrial production and retail inflation data later this week drove stocks higher.

Participants are also betting on a favourable result for the Bharatiya Janata Party (BJP) in the Gujarat assembly polls, which added to the buying momentum, brokers said.

The Sensex opened strong at 33,317.72 and touched a high of 33,535.97, but settled at 33,455.79 due to profit-booking, still showing a gain of 205.49 points, or 0.62 percent.

This is its highest closing since 29 November, when it had closed at 33,602.76.

The gauge had risen by 653.12 points in the previous two sessions.

The 50-share NSE Nifty ended 56.60 points, or 0.55 percent, higher at 10,322.25 after shuttling between 10,329.20 and 10,282.05.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Dec 11, 2017 16:15:03 IST

Also See