Sensex inched up by 17 points to close at 28,351.62

Mumbai: Market benchmark Sensex inched up by 17 points to close at 28,351.62 today, while the NSE Nifty went past the 8,800 mark on fag-end buying in IT, metal and power stocks amid positive global cues.

The 30-share Sensex resumed higher at 28,450.42 and advanced to 28,458.80 following initial buying by investors and sustained foreign fund inflows. However, profit-booking took a toll, and the index slipped to touch a low of 28,197.38 before settling 17.37 points, or 0.06 per cent higher at 28,351.62.

The gauge has gained 44.33 points in the previous two sessions. The 50-share Nifty too settled 11.50 points or 0.13 per cent higher at 8,805.05 after moving between 8,826.90 and 8,754.20.