Sensex outperforms global peers, gains 1300 points in 6-day
29 Mar 2011
Bulls have been taken over charge as against bears for the sixth consecutive session on Tuesday, with the Sensex adding nearly 1300 points by outperforming its global peers in these six days - supported by strong inflow of foreign institutional investors. About 27 frontline shares out of 30 shares on Sensex advanced.
The 50-share NSE Nifty rallied 49.10 points or 0.86%, to close at 5,736.35, after hitting an intra-day high of 5,770.35. The 30-share BSE Sensex went up 177.87 points or 0.94%, to settle at 19,121.01.
Indian equity benchmarks completely outperformed its global peers by shooting up 7% in six consecutive days. Asian markets like Nikkei, Straits Times and Kospi gained 2.5-3.5% while rest of the markets gained 1-1.5%.
Telecom, technology, financial (barring ICICI Bank), realty, power, healthcare, auto and FMCG companies' shares led the support today.
Foreign institutional investors were net buyers to the tune of Rs Rs 3500 crore.
Telecom, infra, IT, realty, banks drive Sensex up
