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Sensex Surges 230 Points Led By RIL, Infosys

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Sensex Surges 230 Points Led By RIL, Infosys
PTI - 26 August 2020

Mumbai, August 26: Rising for the fourth consecutive session, BSE benchmark Sensex Wednesday surged 230 points, following gains in Reliance Industries, Infosys and Kotak Bank amid persistent foreign fund inflows.

After touching a high of 39,111.55 during the day, the BSE Sensex ended 230.04 points or 0.59 per cent higher at 39,073.92. The NSE Nifty advanced 77.35 points or 0.67 per cent to finish at 11,549.60.

IndusInd Bank was the top gainer in the Sensex pack, rallying around six per cent, followed by Reliance Industries, Axis Bank, Kotak Bank, Bajaj Auto and HCL Tech.

On the other hand, Bharti Airtel, UltraTech Cement, Maruti and Asian Paints were among the laggards.

Traders said a rally in index majors Reliance Industries and Infosys lifted benchmarks at the fag-end of the session.

Largely, positive cues from the global markets and persistent foreign fund inflows too buoyed market sentiment, they added.

Exchange data showed foreign institutional investors to have bought equities worth Rs 1,481.20 crore on Tuesday,.

Meanwhile, bourses in Hong Kong and Seoul ended with gains, while Shanghai and Tokyo closed lower. Stock exchanges in Paris and Frankfurt were trading on a positive note in early deals, while London witnessed losses.

Further, global oil benchmark Brent crude was trading 0.13 per cent higher at US dollar 46.23 per barrel.

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