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India

SENSEX closes at 63.99.65 n Nifty at 18,758 points after FII inflow enhances in Indian markets

The share market is on the record up rise trend with the bench mark BSC Sensex making investors and shareholders happy touching above 63,000 mark on Wednesday maintaining its positive momentum for a week or so as a result of increasing foreign investment n inflows in Indian market including domestic market continuing its quest for gains. According to the latest news reports the major companies that had tremendous profits due to the Sensex n Nifty going up are Tata, Steels, Power Grid, Mahindra n Mahindra, Ultra technology Cement, Bharti Airtel, Hindustan Unilever, Asian Paints etc. Surprisingly those lagging behind are the UCL technologies, SBI, ITC etc. While the Sensex closed at 63,099.65, jumping 621.17 points during the day, the Nifty ended at 18,758.35 going up by 140.30 points during the day. The sentiments turned exceptionally n extremely bullish while the market came to an end as renewed foreign institutional buying propelled both benchmark indices to scale fresh hikes n string European markets too opening further to bolster invested sentiments ahead of, Q2 GDP data announcement as per the statement if Shrikant Chouhan HOD Equity Research of Kotak Securities Ltd.

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