Mumbai, India (BBN) – The Sensex reclaimed the 29,000-mark at mid-session today on sustained buying by domestic institutions, robust foreign fund inflows and short-covering by investors ahead of February series F&O expiry later Thursday.
The 30-share index crossed the 29,000-mark by surging 139.73 points, or 0.48 per cent, to trade at 29,004.44 at 1:00 pm, reports The Hindu Business Line.
The gauge had rallied by 709.15 points in the previous five sessions on the back of strong foreign fund inflows and sizeable buying by domestic institutional investors.
All sectoral indices, led by TECk, IT, consumer durables, realty, metal and bank, were trading in positive zone with gains of up to 1.86 per cent.
Similarly, the NSE Nifty spurted 46.30 points or 0.51 per cent to 8,973.20.
Shares of telecom major Bharti Airtel zoomed 10 per cent after it announced the decision to acquire Telenor India assets.
Other telecom shares such as Idea Cellular rose 7 per cent, Reliance Communication gained 3.92 per cent and Tata Teleservices went up by 4.52 per cent.
Asian stocks eased from a 19-month high on Thursday, while the dollar made an uneven recovery from losses suffered after Federal Reserve minutes indicated a cautious approach to raising US interest rates.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down almost 0.1 per cent having jumped to its highest level on Wednesday since July 2015.