Sensex starts with small gains, inflows continue to pour in
The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates. However, caution prevailed after retail inflation rose to 4-month high of 3.65 per cent in February and that of wholesale prices shot up to a 39-month high of 6.55 per cent.
The Sensex had soared 540.69 points in the previous three sessions following the BJP’s landslide win in UP and Uttarakhand. The 30-share index was trading higher by 26.22 points, or 0.08 per cent, at 29,468.85. A number of sectoral indices, led by consumer durables, healthcare, oil and gas, FMCG and infrastructure, were in the positive space.
The NSE index Nifty edged up by 3.40 points, or 0.03 per cent, to 9,090.40. It had touched a life high of 9,087 yesterday. The increased buying momentum borne out by the fact that foreign funds purchased shares heavily lifted mood.
Among other Asian markets, Shanghai Composite rose 0.10 per cent while Hong Kong’s Hang Seng was down 0.18 per cent in early trade today. Japan’s Nikkei shed 0.29 per cent. The US Dow Jones Industrial Average also ended 0.21 per cent down yesterday.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Konkanworld.com will not be responsible for any defamatory message posted under this article. Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Konkanworld.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using Konkanworld.com will be purely at your own risk, and in no way will Konkanworld.com be held responsible. Similarly, Konkanworld.com reserves the right to edit / block / delete the messages without notice any content received from readers.