Wednesday, 5 August 2015

BSE Sensex Recovers 151 points updates for 05 Aug 2015

 BSE Sensex today recovered by 151.15 points to close at 28,223.08, nearly two-week high, helped by rise in services sector activity last month and positive global cues. Persistent foreign fund inflows also boosted sentiment. ". buying interest in IT, healthcare, FMCG and auto counters alongside with recovery in realty space aided index to sustain at higher level," said Jayant Manglik, President Retail Distribution of Religare Securities. Meanwhile, foreign investors bought shares worth Rs 118.70 crore yesterday as per provisional data. The BSE Sensex resumed higher at 28,138.04 and firmed up further to a high of 28,315.71 on initial strong buying, but it declined afterwards to 28,135.68 before ending at 28,223.08, showing a gain of 151.15 points or 0.54 per cent. The 50-share NSE Nifty rose by 51.05 points or 0.60 per cent to 8,567.95. The recovery in market was supported by gains in IT stocks, on growing expectations of a rate hike by the US fed. Wipro climbed 2.94 per cent, while Infosys rose 2.52 per cent. Bharti Airtel ticked up 0.77 per cent after the company posted a nearly 40 per cent growth in consolidated net profit for the June quarter.

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