Millennium Post

Sensex gains 271 points in 3rd straight positive day

The S&P BSE benchmark sensex ended higher for the third consecutive day, up by 271 pts to end at 28,805.10 on fag-end buying from operators in line with European markets despite foreign capital outflows.

All the sectoral indices, barring FMCG sector, closed in the positive terrain with capital goods, power and IT sectors leading the rally. The sensex resumed higher at 28,650.25 and hovered in a wide range of 28,838.52 and 28,406.25 before ending at 28,805.10, showing a gain of 271.13 points of 0.95 per cent. It has gained by 577.71 points or 2.05 per cent in the three days. The CNX 50-share Nifty also rose by 84.15 points or 0.98 pct to 8,711.55.

Hindalco Industries ended higher by 2 per cent on good Q3 results as auminium maker today reported 7.5 per cent rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.
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