Nifty reclaims 8,400-mark, Sensex up over 100 points

The benchmark Sensex closed higher by 106.75 points or 0.39 percent at 27,247.16 after moving in range of 27,278.93-27,166.69.

Nifty reclaims 8,400-mark, Sensex up over 100 points

The NSE Nifty reclaimed the crucial 8,400-mark Thursday on sustained buying by domestic investors.

The 30-share Sensex which had closed at 27,140.41 points on Wednesday, opened higher at 27,171.66 points.

It closed higher by 106.75 points or 0.39 percent at 27,247.16 after moving in range of 27,278.93-27,166.69.

The gauge had gained 413.86 points in the previous two sessions.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty ended at 8,407.20, up by 26.55 points or 0.32 percent.

Building up of positions by domestic institutional and investors ahead of IIP and inflation data -- to be released later in the day -- also had an influence.

In Asia, Tokyo tumbled more than one percent, while the dollar sank as investors were left deflated by a lack of economic detail from Donald Trump at his first post-election press conference.

Hong Kong fell 0.5 percent following a five-day rally, while Shanghai closed 0.6 percent lower.

Sydney slipped 0.1 percent. However, Seoul added 0.6 percent while Singapore also chalked up gains.

In early European trade London fell 0.2 percent, Paris shed 0.3 percent and Frankfurt retreated 0.4 percent.

The US Dow Jones Industrial Average, however, ended 0.50 percent higher yesterday.
 
With Agency Inputs

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