Business Market 23 Feb 2017 Sensex regains 29,00 ...

Sensex regains 29,000-mark; up 140 points

PTI
Published Feb 23, 2017, 4:36 pm IST
Updated Feb 23, 2017, 4:36 pm IST
Among other Asian markets, Hong Kong's Hang Seng was down 0.37 per cent,
BSE building.
 BSE building.

Mumbai: The Sensex reclaimed the 29,000-markin mid-session trade today on sustained buying by domestic institutions amid robust foreign fund inflows and expiry of derivative contracts.

The 30-share index crossed the 29,000-mark by surging 139.73 points, or 0.48 per cent, to trade at 29,004.44 at 1300 hours.

 

The gauge had rallied by 709.15 points in the previous five sessions on the back of strong foreign fund inflows and sizeable buying by domestic institutional investors.

All the sectoral indices, led by teck, IT, consumer durables, realty, metal and bank, were trading in positive zone with gains of up to 1.86 per cent. On similar lines, the NSE Nifty spurted by 46.30 points, or 0.51 per cent, to 8,973.20.

Equity brokers said besides steady buying by domestic institutions and retail investors, covering-up of short positions by speculators with today being the last session of February series expiry in the derivatives segment, buoyed trading sentiment.

 

Shares of Bharti Airtel zoomed 11 per cent in early trade to a one-year high after the telecom operator said it will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum.

Among other Asian markets, Hong Kong's Hang Seng was down 0.37 per cent, while Japan's Nikkei shed 0.04 per cent. Shanghai Composite Index fell 0.30 per cent.

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