INSUBCONTINENT EXCLUSIVE:
Gains in Sensex and Nifty were led by Reliance Industries, ICICI Bank and Bharti Airtel.Domestic equity benchmarks (Sensex and Nifty) rose
to their highest levels since the third week of September as foreign portfolio investors continue to buy shares in Indian equity markets
Rally in today's session was led by blue-chip shares like Reliance Industries, ICICI Bank, Bharti Airtel, State Bank of India and HDFC
The SP BSE Sensex rose 1.04 per cent or 383 points to close at 37,054 and the NSE Nifty 50 Index climbed 1.2 per cent or 133 points to shut
shop at 11,168.Foreign investors continued with their shopping spree in Indian equities in March
Foreign portfolio investors have so far this month invested Rs 5,621 crore in equity markets, according to data compiled by National
Securities Depository Limited (NSDL)
In February, the foreign investors turned net buyers of equities and bought shares worth Rs 17,219.62 crore after they sold shares worth Rs
4,262 crore in January, NSDL data showed."Global funds are flowing towards India and that's why Sensex and Nifty are rising and they will
continue to do so in the near term," AK Prabhakar, head of research at IDBI Capital told TheIndianSubcontinent over phone.Eighteen of 19
sector gauges compiled by BSE ended higher led by the SP BSE Telecom Index's 5.55 per cent surge
Auto, consumer durables, oil gas, energy, power and metal gauges also climbed between 2 and 3 per cent
On the flipside, SP BSE Information Technology Index was the lone loser; the index dropped tracking gains in rupee which appreciated against
the dollar.Gains in today's session were broad-base as the SP BSE MidCap Index rose 1.96 per cent and the SP BSE SmallCap Index advanced
1.61 per cent.Bharti Airtel was the top gainer in Nifty 50 basket of shares, the stock rose 8.42 per cent to Rs 334.70
Hindustan Petroleum, Bharat Petroleum, Eicher Motors, Bharti Infratel, Power Grid and Coal India were also among the gainers
On the flipside, NTPC, Tata Consultancy Services, Zee Entertainment, HCL Technologies and Tech Mahindra were among the notable laggards.The
overall market breadth was extremely positive as 1,756 shares ended higher while 897 closed lower on the BSE.
