For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sensex Crosses 38,000 On Global Cues And Positive FII And Rupee Sentiment

|

In Friday's session, benchmark index Sensex tracking global cues with continuously increasing foreign fund flow into the domestic equities market and positive rupee trajectory, crossed the crucial 38,000 points. Nifty also surged in trade to reach 11,426.70.

Sensex Crosses 38,000 On Global Cues And Positive FII And Rupee Sentiment
 

At later hours, however early morning gains have been pared with Sensex trading with gains of 37983.84 or 228.95 points (+0.61%), Nifty which is the barometer of the National Stock also was trading lower in comparison at 11,415.90 with gains of 0.64% or 72.65 points.

Advances in the Sensex have been led by stocks from the banking and financial stocks, with major gainers being ICICI Bank, HDFC Bank, Reliance Industries, SBI, Kotak Bank and Titan among others.

Experts foresee the bull run to likely continue and not too much volatility is expected even amid general assembly election. Sensex is expected to touch the 50,000 mark in the next decade. During the current calendar year, FIIs have pumped in Rs. 30,000 crore, which is seen as a big positive for the Indian equities market.

Another factor i.e. pulling up the Sensex as cited by experts is that the investors are factoring another term for the Modi government.

Also, Asian stocks got a boost as reports came in that pointed at progress in US-China trade talks.

GoodReturns.in

Read more about: sensex nifty fii rupee
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more