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Sensex Rallies Over 258 Points on Global Cues

Press Trust Of India

First published: September 16, 2016, 10:27 AM IST | Updated: September 16, 2016
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Sensex Rallies Over 258 Points on Global Cues
File photo of a man outside the Bombay Stock Exchange.

Mumbai: Building on gains for the third straight session, the benchmark Sensex surged over 258 points and the NSE Nifty recaptured the 8,800-mark in early trade on Friday on sustained buying by participants and foreign fund inflows amid positive global cues.

The 30-share index, which had gained 59.35 points in the previous two sessions, was up 258.59 points or 0.91 per cent at 28,671.48 with all sectoral indices led by auto and banking trading in green, rising by up to 1.64 per cent.

The NSE Nifty went up by 73.65 or 0.84 per cent to 8,816.20.

Brokers said pick-up in buying activity, tracking a firm trend on Asian bourses and overnight gains on the US markets on dimming expectations for an imminent Federal Reserve interest rate hike influenced sentiment.

Japan's Nikkei rose 0.39 per cent in early trade on Friday.

Financial markets in China, Hong Kong, Malaysia, South Korea and Taiwan are closed on Friday for public holidays.

The US Dow Jones Industrial Average ended 0.99 per cent higher on Thursday.

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