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  Business   Market  07 May 2018  Sensex soars 293 points to reclaim 35,000 mark

Sensex soars 293 points to reclaim 35,000 mark

PTI
Published : May 7, 2018, 4:25 pm IST
Updated : May 7, 2018, 4:25 pm IST

Fresh buying by domestic institutional investors added to the momentum.

The BSE Sensex surged 293 points on Monday to close at an over three-month high of 35,208.14 while the broader Nifty recaptured the 10,700-mark.
 The BSE Sensex surged 293 points on Monday to close at an over three-month high of 35,208.14 while the broader Nifty recaptured the 10,700-mark.

Mumbai: The BSE Sensex surged 293 points on Monday to close at an over three-month high of 35,208.14 while the broader Nifty recaptured the 10,700-mark as investors piled into recently-battered metal, energy, realty and banking stocks amid mixed global cues.

Fresh buying by domestic institutional investors added to the momentum. The BSE benchmark Sensex opened higher at 34,983.59 and hovered in a range of 35,259.81 to 34,977.74 before finishing at 35,208.14, showing a gain of 292.76 points or 0.84 per cent.

 

This is its highest closing since February 1, 2018, when it had finished at 35,906.66. The gauge had lost 261.04 points in the previous two sessions. The NSE 50-share Nifty also gained 97.25 points, or 0.92 per cent, to 10,715.50 after shuttling between 10,725.65 and 10,635.65.

Meanwhile, domestic institutional investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore on Friday, provisional data showed.

Asian markets ended mixed despite a strong closing on Wall Street as investors digested last week's trade talks between the US and China, while US jobs data eased fears of faster rate hike by the Federal Reserve.

 

However, US crude topped the USD 75 mark for the first time since 2014. Crude oil prices rose by 0.75 per cent to USD 75.43 a barrel.

Tags: bse sensex, nifty, benchmark, wall street
Location: India, Maharashtra, Mumbai (Bombay)