Benchmark Sensex up by 100 points, investors confident about bullish rally
Share markets in India experienced a bullish rally on the second day in row with benchmark index Sensex closing at 9,252.61 up by 109.44 points. Similarly, the fifty share index Nifty was also up by 34 points and closed at 5,818.60. Almost all the BSE sectoral indices except FMCG and consumer durables ended in the green.
Among all, the realty sector saw the maximum rise of 4.52 per cent in a hope that the central bank will bring down the borrowing rates during its next monetary policy review. However, the FMCG sector saw a downfall of 1.05 per cent along with the consumer durables that fell by 0.44 per cent.
In 30-BSE index components, 18 stocks gained while 12 ended with losses. Reliance
Industries and Infosys
with 16 % weightage are the two heavier stocks on the Sensex. Reliance gained by 1.03% to Rs 834.80 while the Infosys jumped by 1.56% to Rs 2,966.45 and another index-linked Larsen and Toubro advanced by 2.86 per cent to Rs 1,433.70.
The capital goods index was second best performer, which jumped up by 2.47 per cent to 9,525.41 followed by metal index by 2.20 per cent to 9,329.08. IT sector index rose by 1.32 per cent to 6,944.59 and banking index by 0.65 per cent to 13,616.18.