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Sensex ends over 300 points higher, Nifty near 10,600, auto, realty stocks rise

At close, the BSE Sensex was 0.89% or 303.60 points higher at 34,445.75, while the broader NSE Nifty 50 closed 0.87% higher at 10,582.60.

business Updated: Feb 26, 2018 16:39 IST
Reuters, Mumbai
Sensex,BSE,NSE Nifty
Sentiments bolstered in all Asian markets following positive cues from Wall Street.(Abhijit Bhatlekar/ Mint)

Indian equity benchmark BSE Sensex spurted more than 300 points to close at a three-week high of 34,445.75 on Monday, on unabated buying by domestic institutional investors amid positive global leads. The wider NSE Nifty 50 too went past the 10,550-level.

A firming trend on Asian and European bourses following a good show by Wall Street on Friday bolstered sentiment.

The 30-scripBSE Sensex opened on a strong footing at 34,225.72 and maintained its upward trend to hit the day’s high of 34,483.39, before ending at 34,445.75, up 303.60 points, or 0.89%.

This level was last seen on February 5, when the Sensex had closed at 34,757.16.

The index had rallied 322.65 points in the previous session on Friday, on value-buying by investors in recently-battered blue-chip stocks.

The NSE Nifty finished the day at 10,582.60, showing a hefty gain of 91.55 points, or 0.87%, after shuttling between 10,592.95 and 10,520.20.

Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30%.

Domestic institutional investors (DIIs) net bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

First Published: Feb 26, 2018 10:13 IST