Tuesday, 11 November 2014

Sensex gains 35 points in volatile trade......

The BSE Sensex on Tuesday gained 35 points in a volatile trade while the NSE Nifty settled at record closing high of 8,362.65 points on continued foreign funds inflows ahead of inflation and IIP data tomorrow.
The 50-share Nifty continued its record-setting run for the second straight session and ended up by 18.40 points, or 0.22 per cent, at all time high of 8,362.65. It shuttled between 8,378.70 and 8,321.85 in day trade.
The BSE barometer Sensex opened on a strong footing and rose to intra-day high of 27,996.92.
But later it succumbed to profit-booking at near record levels and touched a low of 27,790.40 before settling at 27,910.06, a gain of 35.33 points, or 0.13 per cent, over previous close. The 30-share index had closed at record high of 27,915.88 on November 5.
A positive momentum after government’s reforms process and a firming trend at global markets buoyed the trading sentiment, brokers said. Global crude prices dropping to four-year low also helped the positive momentum, they added.
Brent crude for the December delivery eased 22 cents to four-year low of USD 82.12.