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Sensex Firms up 61 Points on Fund Inflows

The 30-share index rose 61.11 points, or 0.18%, to 32,386.52. The gauge had gained 87.53 points in the previous session.

PTI

Updated:August 7, 2017, 10:11 AM IST
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Sensex Firms up 61 Points on Fund Inflows
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Mumbai: The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade on Monday on sustained foreign fund inflows amid positive global cues.

The 30-share index rose 61.11 points, or 0.18%, to 32,386.52. The gauge had gained 87.53 points in the previous session.

Also, the NSE Nifty was quoting 19.10 points or 0.19% higher at 10,085.50.

Barring IT and tech, all the sectoral indices, led by metal, realty, bank and auto were trading in the positive terrain with gains up to 1.03%.

Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors.

Among Sensex components, Tata Steel emerged top gainer by surging 2.79% to Rs 591.55 as participants raised their bets ahead of quarterly earnings numbers.

Other big movers were ICICI Bank, Hero MotoCorp, Coal India, Bajaj Auto, Maruti Suzuki, Tata Motors and Sun Pharma, rising by up to 1.64%.

Besides, a firm trend in other Asian markets after strong US jobs numbers provided relief to investors too influenced sentiments here.

In the Asian region, Japan's Nikkei rose 0.63% and Hong Kong's Hang Seng gained 0.28%, while China's Shanghai Composite Index shed 0.16%.

The US Dow Jones Industrial Average ended 0.30% up in Friday's trade.
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