Sensex gains 139 pts; at 7-month high on fund inflows | business | Hindustan Times
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Sensex gains 139 pts; at 7-month high on fund inflows

business Updated: Feb 21, 2012 16:39 IST
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The BSE benchmark index Sensex on Tuesday climbed to a seven-month high by adding 139 points on fund-based buying in bluechip, led by Reliance Industries, amid a firming global trend.

The 30-share barometer, which had gained 135.36 points on Friday, added another 139.26 points, or 0.76% to 18,428.61, touching the level last seen on July 27.

The broad-based Nifty of the National Stock Exchange (NSE) closed above 5,600 mark level by rising 42.85 points, or 0.77%, to 5,607.15 on heavy inflow of foreign funds.

Brokers said investor confidence regained strength on firming global trend after European finance ministers reached an agreement on the $170 billion bailout package for Greece to shield from sovereign debt crisis.

The most heaviest on the benchmark, Reliance Industries, spurted by 2.92% to Rs 841.80 and power equipment major BHEL rose to a two-month high by adding 4.78% to Rs 317.95 on reports of some measures by the government to help domestic power companies.

Foreign investors bought a net $444 million of Indian stocks in the two days to February 16, taking their investment this year to $4.9 billion, according to the SEBI data.

Among other gainers, Tata Steel surged 2.79% to Rs 491.35, State Bank of India by 1.45% to Rs 2,491.75, Bharti Airtel by 2.79% to Rs 359.30 and ONGC by 3.70% to Rs 291.70.

The ralty sector index gained the most by 4.34% to 2,169.96 followed by consumer durable index by 3.29% to 6,865.88.