Mumbai, November 27
Market benchmark Sensex and Nifty today scaled fresh closing peaks on hectic buying in banking, oil & gas and auto stocks amid positive trends from global markets as investors latched onto hopes of a trade deal between the US and China.
The 30-share Sensex rose by 199.31 points or 0.49% to end at a new life-time high of 41,020.61 as 24 of its constituents ended in the green.
The broader NSE Nifty gained 63 points or 0.52% to settle at a new peak of 12,100.70.
According to analysts, sustained foreign fund inflow also buoyed the market sentiment. Foreign investors purchased shares worth Rs 4,677.75 crore on a net basis yesterday, provisional exchange data showed.
Banking stocks advanced on rising expectations of a rate cut by the RBI.
Yes Bank was the biggest gainer in the Sensex pack, rallying 7.65%.
Growing hopes that the US and China may soon reach an agreement to settle their trade disputes drove the market sentiment in global markets. US President Donald Trump said the talks were “in the final throes”. — PTI
Banking stocks see hectic buying
- Growing hopes that the US and China may soon reach an agreement to settle their trade disputes drove the market sentiment in global markets
- Sensex rose by 199.31 points to end at a new lifetime high of 41,020.61 as 24 of its constituents ended in the green
- NSE Nifty gained 63 points to settle at a new peak of 12,100.70
- Banking stocks advanced on rising expectations of a rate cut by the RBI.
from The Tribune https://ift.tt/34E6hr6
via Today’s News Headlines
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