Sensex and Nifty continues their upward movement

Sensex and Nifty continues their upward movement

FPJ BureauUpdated: Thursday, May 30, 2019, 10:00 AM IST
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Mumbai : Market continued its bull run for the third straight session, with Sensex rising nearly 107 points to close at an over 2-month high of 27,247.16 and Nifty crossing the key 8,400-level, led mainly by power, IT and banking stocks. Besides, a positive start of the earnings season also fuelled the domestic market sentiment.

The Sensex opened higher at 27,171.66 and continued its upward march to hit a high of 27,278.93 before settling 106.75 points, or 0.39 per cent, higher at 27,247.16. The Sensex had closed at 27,517.68 on November 10 last year. The gauge had gained 413.86 points in the previous two sessions.The broader Nifty scaled a high of 8,417.20 but profit-taking pulled it down to close at 8,407.20, still up 26.55 points, or 0.32 per cent

Domestic institutional investors (DIIs) bought shares worth a net Rs 1,116.15

crore yesterday, as per provisional data. Out of 30-index stocks, 13 scrips ended with gains, while 17 registered loss.

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