The Hindu Business Line file photo
Mumbai, India (BBN) – The BSE Sensex breached 30,000-mark and the NSE Nifty hit a lifetime high of 9,264.95 in the opening trade on sustained buying by retail investors amid increased foreign fund inflows and positive Asian cues.
However, the benchmark failed to sustain the 30,000 level and slipped into the negative territory ahead of RBI’s Monetary Policy Committee meet later in the day, reports The Hindu Business Line.
The 30-share index crossed the 30,000-mark by surging 97.26 points or 0.32 per cent to trade at 30,007.48, a level last seen on March 4, 2015 when it hit an intra-day high of 30,024.74.
Similarly, the National Stock Exchange index Nifty continued its record-setting spree by gaining another 27.10 points or 0.29 per cent, to trade at a new high of 9,264.95.
However, it fell to 29,817.69 as investors turned cautious.
The gauge had rallied by 289.72 points in previous sessions on Monday.
Equity brokers said the domestic sentiment remained bullish largely on the back of sustained foreign fund inflows coupled with persistent buying by retail investors following the release of the Nikkei India Manufacturing PMI, which increased to a five-month high of 52.5 in March from 50.7 in February.
Among BSE sectoral indices, IT index was down 0.3 per cent, followed by TECk 0.13 per cent, banking 0.1 per cent and FMCG 0.09 per cent. On the other hand, realty index was the star-performer and was up 2.92 per cent, consumer durables 2.11 per cent, metal 1.24 per cent and power 0.68 per cent.
Top five Sensex gainers were Tata Steel (+1.97 per cent), Adani Ports (+1.86 per cent), Maruti (+1.58 per cent), Reliance (+1.37 per cent) and NTPC (+1.24 per cent), while the major losers were HDFC (-1.84 per cent), ICICI Bank (-1.31 per cent), GAIL (-1.18 per cent), Asian Paints (-0.91 per cent) and ITC (-0.83 per cent).
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