Sensex appreciated by 154 pts due to higher capital inflows
The benchmark BSE Sensex appreciated by 154 points and the NSE Nifty gained the 9,800- level in early trade today, boosted by higher capital inflows by domestic investors. The strong start came in the face of sharp jump in inflation numbers, which were released on Monday. The 30-share Sensex, which had gained 235.44 points in the session on Monday, was trading higher by 153.61 points, or 0.48 per cent, at 31,602.64, with FMCG, auto, power, consumer durables, IT, metal and realty stocks leading the gains. NSE Nifty was up by 36.60 points, or 0.37 per cent, at 9,830.75 points. Markets remained closed yesterday on account of Independence Day. Wholesale inflation rose heavily to 1.88 per cent in July -- first rise in five months -- as some food articles were rare in supply and the demand shot up even as the industry pitched for cut in interest rates citing weak industrial activity. Globally, Hong Kong's Hang Seng was up 0.45 per cent, while Japan's Nikkei gained 0.02 per cent in their early trade. Shanghai's Composite index, however, down 0.10 per cent. The US Dow Jones Industrial Average ended 0.02 per cent higher yesterday. —PTC News
