Mumbai : The BSE Sensex zoomed over 440 points to close at an over 13-month high of 28,343.01, while the broader Nifty went past the psychological 8,700-level to finish at 16-month high of 8,744.35, lifted by positive global cues.
Overnight gains on the US bourses with investors tapering the soon rate hike outlook triggered a rally in broader Asian and European markets, helping in reviving the domestic sentiment as well after a brief phase of sluggishness.
Besides, a sustained FII buying, a slew of positive corporate results as well as RBI’s bullish annual growth report also added to positive cues, reports PTI.
Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services, said, “Market regained its strength as FIIs continue to pour into the domestic market despite a likely hike in FED rate.
The 30-share Sensex resumed at 28,012.46 and moved between a high of 28,478.02 and a low of 28,010.66 before concluding at 28,343.01, showing a gain of 440.35, or 1.58 per cent over its last close. The Sensex had closed at 28,370.84 on July 23, 2015.
