Monday, 22 January 2018

Markets at new highs on income help; RIL, ONGC surge

Mumbai, Jan 22 Benchmarks finished at record highs for the fourth session in a row today on sustained foreign fund inflows and steady purchasing by domestic investors.

The BSE Sensex surged 286.43 points to close at 35,798.01 while the more extensive NSE Nifty finished at 10,966.20.

Offers have been on a record-setting binge, supported by a string of superior to anything expected corporate income and late government measures, incorporating a cut in the Goods and Services Tax (GST) for specific areas.

The 30-share Sensex, in the wake of opening on a solid balance, proceeded with its upward walk to hit a record-breaking high of 35,827.70.

It shed some ground on benefit booking, before at long last closure 286.43 points, or 0.81 percent higher at 35,798.01, crushing its past record close of 35,511.58 came to on Friday.

The measure had increased 740.53 points in the past three sessions.

The NSE Nifty likewise hit a record intra-day high of 10,975.10, preceding completing at 10,966.20, up 71.50 points, or 0.66 percent.

It bettered its past shutting high of 10,894.70 came to in Friday's exchange.

In the interim, outside portfolio speculators (FPIs) purchased shares worth a net Rs 988.25 crore, while residential institutional financial specialists (DIIs) made buys worth Rs 209.86 crore in the past session, according to temporary trade information.

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