Sensex regains 27,000-mark, Nifty tops 8,300

Tags: Stock Market
Sensex surged over 151 points to breach the 27,000-level and Nifty hit the crucial 8,300-mark in opening trade today following widespread gains as investors widened their bets amid a firming trend in Asian markets.

However, caution prevailed ahead of macroeconomic data and quarterly earnings from blue-chip companies.

The 30-share index, which gained 173.01 points in the previous session, added 151.01 points, or 0.56 per cent, to 27,050.57 with all the sectoral indices led by metal, capital goods and bank leading the gains.

The NSE Nifty reclaimed the 8,300-mark by climbing 45.15 points, or 0.54 per cent, at 8,333.75.

Brokers said a flurry of buying by retail investors and domestic institutional investors amid a firming trend at other Asian markets with commodities-linked shares leading gains boosted by China's strong inflation reading mainly influenced the sentiment.

Among other Asian markets, Hong Kong's Hang Seng was trading higher by 0.74 per cent, while Nikkei surged by 0.36 per cent in early trade.

Shanghai's Composite index, however, was marginally down. The US Dow Jones Industrial Average ended 0.16 per cent down in yesterday's trade.

EDITORIAL OF THE DAY

  • E-wallet companies must make their revenue models sustainable

    At a time when e-wallets have come to be accepted as the new normal, HDFC chairman Aditya Puri’s contention that digital payment companies have no f

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The Phantom of a Bloody Opera

As long as the walk between subjectivity and objectivity is ...

Sachin Shridhar

Strip numbers, see truth

Indian Parliament has over has over 34 per cent of ...

Kuruvilla Pandikattu

The eternal question of science & religion

Well-known physicist Stephen Barr, author of Modern Physics and ...