Sensex starts with small gains, inflows continue to pour in

Date:

The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates.

However, caution prevailed after retail inflation rose to 4-month high of 3.65 percent in February and that of wholesale prices shot up to a 39-month high of 6.55 percent.

Also Read: A Pakistani girl congratulates PM Modi on turning focus on peace in UP

The Sensex had soared 540.69 points in the previous three sessions following the BJP’s landslide win in UP and Uttarakhand.

The 30-share index was trading higher by 26.22 points, or 0.08 per cent, at 29,468.85. A number of sectoral indices, led by consumer durables, healthcare, oil and gas, FMCG and infrastructure, were in the positive space.

The NSE index Nifty edged up by 3.40 points, or 0.03 percent, to 9,090.40. It had touched a life high of 9,087 yesterday.

The increased buying momentum borne out by the fact that foreign funds purchased shares heavily lifted mood.

Among other Asian markets, Shanghai Composite rose 0.10 percent while Hong Kong’s Hang Seng was down 0.18 per cent in early trade today. Japan’s Nikkei shed 0.29 percent.

The US Dow Jones Industrial Average also ended 0.21 per cent down yesterday.

Also Read: 10 Technological Wonders that will change the world in near future

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

FM Nirmala Sitharaman To Present First Modi 3.0 Budget | Top Updates

New Delhi: Finance Minister Nirmala Sitharaman is set to...

INS Brahmaputra Severely Damaged In Fire; Sailor Missing

Mumbai: A fire broke out on the Indian Navy's...

Indian Goalkeeper PR Sreejesh To Retire From International Hockey After Paris Olympics

Paris: Indian hockey goalkeeper PR Sreejesh has announced that...

IndiGo Flight From Abu Dhabi To Delhi Diverted To Muscat

New Delhi: IndiGo flight 6E 1406, traveling from Abu...