Sensex surges over 300 points in early trade
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Bull markets have an uncanny ability to climb many walls of worries, says investment expert
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Bull markets have an uncanny ability to climb many walls of worries, says investment expert Equity benchmark Sensex rallied over 300 points to scale a new record peak in early trade on Tuesday driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid positive trend in global markets. After touching a lifetime high of 52,516.76 in the opening session, the 30-share BSE index was trading 322.33 points or 0.62 per cent higher at 52,476.46. Similarly, the broader NSE Nifty was quoting 108.40 points or 0.71 per cent up at 15,423.10. It touched a record of 15,431.75 in early trade.
Sensex extends rally thanks to buying in banks, gains 300 points
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Foreign institutional investors have continued to pour money into India, providing massive support to the market rally.
Better-than-expected earnings and positive global cues boosted the market.
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NEW DELHI: Buying continued in banking and financial stocks along with metals on Tuesday, extending the rally in benchmark indices which scaled fresh highs driven by better-than-expected earnings and positive global cues.
The market had entered a consolidation phase last week, but still, all dips were being bought. Foreign institutional investors have continued to pour money into India, providing massive support to the market rally.
Equity benchmark Sensex rallied over 300 points to scale a new record peak in early trade on Tuesday driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid positive trend in global markets.