Millennium Post

Sensex rallies for 4th straight day, up 227 points to 6-week high

The BSE benchmark sensex continued its upward march for the fourth consecutive session by surging another 227 pts to end at sixth week high of 19,406.85 on persistent buying mainly in Auto, Healthcare, Refinery, Metal , Banking and Power sectors in view of last day of current settlement amidst sustained foreign capital inflows.

Higher Asian advices also boosted the market sentiment.Dr Reddy's Lab, Gail India, Tata Motors, NTPC, Maruti Suzki, Hero Motorcorp, M&M and Sterlite shot up sharply on heavy buying enquiries.

Foreign institutional investors bought shares worth a net Rs 226.21 crs on Tuesday as per provisional data from the stock exchanges.The sensex opened higher at 19,192.11 and firmed up further to a high of 19,434.85 before ending at 19,406.85 showing a net rise of 227.49 points or 1.19 per cent from its last close. It had last ended at 19,427.56 on March 15, 2013.The NSE 50-share Nifty also rose by 79.40 points or 1.36 pct to finish at 5,916.30.


The Indian rupee snapped its last 2-day losing streak, by recovering 16 paise to 54.22 against the American currency on fresh selling of dollars by banks and exporters in view of strong local market coupled with weakness of dollar in overseas.
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