Friday, December 6, 2024
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Sensex gains 110 points buoyed by banks and FII inflows

FIIs purchased equities worth Rs3,664.67cr on Tuesday, according to exchange data

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Mumbai: The benchmark Sensex gained 110.58 points (0.14 per cent) on Wednesday, closing at 80,956.33, marking its fourth consecutive day of gains.

Intraday, it rose as much as 399.64 points (0.49 per cent) to reach 81,245.39, buoyed by strong performances from private lenders like HDFC Bank and ICICI Bank and renewed foreign institutional investor (FII) interest.

The Nifty gained10.30 points (0.04 per cent) to settle at 24,467.45. Key stocks that supported the Sensex gain included HDFC Bank, Bajaj Finserv, NTPC, Titan, and ICICI Bank, while laggards were led by Bharti Airtel, Tata Motors, Adani Ports, and Power Grid.

FIIs buying

FIIs purchased equities worth Rs3,664.67 crore on Tuesday, according to exchange data. On the macroeconomic front, India’s services PMI declined to 58.4 in November, though the sector maintained robust employment growth.

Global cues were mixed, with Tokyo markets closing higher, while Seoul, Shanghai, and Hong Kong ended lower. European markets were mostly positive, while US indices closed in the green overnight.

Brent crude futures advanced 0.34 per cent to $73.91 per barrel.

On Tuesday, the Sensex had surged 597.67 points (0.74 per cent) to close at 80,845.75, while the Nifty climbed 181.10 points (0.75 per cent) to 24,457.15.

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