Home Business Sensex Rises Over 150 Points, Nifty Reclaims 15,700; RIL Flat Ahead Of...

Sensex Rises Over 150 Points, Nifty Reclaims 15,700; RIL Flat Ahead Of AGM


Sensex Rises Over 150 Points, Nifty Reclaims 15,700; RIL Flat Ahead Of AGM

The Indian equity benchmarks edged higher om Thursday ahead of the monthly expiry of June futures and option contracts led by gains in Infosys, Tata Consultancy Services, HDFC bank, ICICI Bank and HDFC. The Sensex rose as much as 213 points and Nifty 50 index reclaimed its important psychological level of 15,700. Meanwhile, other Asian markets were trading on a subdued note with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent to 695.2 points, off a one-month trough of 685.12 touched earlier this week.

Japan’s Nikkei rose slightly to 28,905.5, while Chinese shares were in the red with the blue-chip CSI300 index off 0.3 per cent.

Overnight, Wall Street shares were mixed on Wednesday, with the Nasdaq closing at a record high, while other major U.S. indexes ended lower alongside European stocks as traders eyed the latest statements from Federal Reserve officials.

Back home, foreign institutional investors bought shares worth Rs 3,156 crore while domestic institutional investors bought shares worth Rs 1,317 crore.

Reliance Industries was trading flat ahead of 44th Annual General Meeting of the company later in the day.

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