Sensex, Nifty Clock Their Longest Winning Streak In Over A Month
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Closing Bell: Sensex, Nifty Clock Their Longest Winning Streak In Over A Month
Indian equity benchmarks ended higher for the third day, registering their longest gaining streak in over a month.
The S&P BSE Sensex Index closed 0.9 percent higher at 35,774.88 and the NSE Nifty 50 Index ended at 10,763.40, up 0.76 percent. Both the benchmark indices ended at over a one-month high.
The market breadth was tilted in favour of buyers. Nine out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty FMCG Index's 1.7 percent gain.on the flipside, NSE Nifty PSU Bank Index was the top sectoral loser, down 0.75 percent.
Nifty At Above 200-Day Simple Moving Average
Blue Star At Over Two-Month High
Shares of the air conditioner manufacturer rose as much as 10.4 percent to trade at over a two-month high at Rs 674.90.
Trading volume was 43.8 times its 30-day moving average, Bloomberg data showed. The Relative Strength Index (RSI) was at 72, indicating that the stock may be overbought.
From PTI: Government To Raise Rs 14 Lakh Crore Through 4th Tranche of CPSE ETF
The government will next week launch the fourth tranche of CPSE Exchange Traded Fund to garner up to Rs 14,000 crore, investment banking sources told PTI.
The government has already raised Rs 11,500 crore in the earlier three tranches of the ETF, which functions like a mutual fund scheme and the issue will open early next week and investors would get 3.5-4 percent discount over the issue price, PTI reported quoting sources.
Block Deal Alert: Federal Bank, HDFC Standard Life
- Federal Bank: About 11.5 lakh shares changed hands in a single block deal.
- HDFC Standard Life: About 18.5 lakh shares changed hands in a single block deal.