Section

Sensex rises 267 pts, Nifty gains for 5th day on buying in RIL, Infosys

By Business Standard - 6 months ago
Benchmark Sensex advanced 267 points while Nifty closed higher for the fifth day in a row on Wednesday amid buying in bluechips Reliance Industries and Infosys amid mixed cues from global markets. The 30-share BSE Sensex climbed 267.75 points or 0.36 per cent to settle at 74,221.06. During the day, it jumped 354.48 points or 0.47 per cent to 74,307.79. Extending gains to the fifth day in a row, the NSE Nifty rose by 68.75 points or 0.31 per cent to finish at 22,597.80. FMCG and realty shares supported the uptrend while banking and metal shares declined. "Despite mixed global market sentiments ahead of the US Fed minutes, Indian markets exhibited a subtle positive trend. Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility. "Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.