Mumbai: The benchmark Sensex closed higher by over 54 points on the Bombay Stock Exchange today on fund-based buying in blue-chip stocks.
The Sensex, which had lost 194 points in previous day’s trading, gained 54.48 points at 19,837.99, after touching the day’s high of 19,984.13 and a low of 19,735.21.
Similarly, the wide-based National Stock Exchange index Nifty rose by 31.90 points at 5900.65, after touching the day’s high of 5952.25 and a low of 5868.90 points.
The major support to the market came in from sectors like metals, oil and gas, bank and public sector undertaking. (
The Bombay Stock Exchange benchmark Sensex was trading 87 points up at 19,870 levels at around 1:30am on 31 October, after starting off on a strong note in the morning. It had opened the day with a 125 point gain.
The Nifty was trading 50 points up at 5,919 levels, with 651 advances and 517 declines
The Bombay Stock Exchange benchmark Sensex opened higher by 125 points on revival of buying by funds.
The 30-share index, which had closed with a loss of196 points yesterday, gained 124.96 points at 19,908.47 in the first five minutes of trade on heavy buying in index-linked shares like Reliance Industries, Bharti Airtel and Infosys Technology.
Similarly, the fifty-share Nifty of the National Stock Exchange rose by 45.15 points at 5,913.90.
At 10:50am, the Sensex had pared its gains at 19,872, while the Nifty was steady at 5916.
The market remained in better form as most of the banking stocks rose on expectations that the US Federal Reserve might cut interest rates.