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Sensex Crosses 39,000 For First Time, Hits Record High, Nifty Over 11,700

In stock market today, sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal Index's 2.3 per cent gain.

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Foreign portfolio investors bought shares worth Rs 33,980.56 crore in March.

The S&P BSE Sensex extended gains and surged over 400 points to a fresh record high on Monday, led by buying interest in metal, PSU banks, auto and capital goods shares. The S&P BSE Sensex rose as much as 1.04 per cent or 405.74 points to record high 39,078.65 and the NSE Nifty 50 Index climbed 0.89 per cent or 104 points to hit an intraday high of 11,728.10, surpassing the 11,700 mark for the first time since September 2018. ICICI Bank, Infosys, Larsen & Toubro, HDFC Bank, Tata Consultancy Services and Reliance Industries were among the top movers in the S&P BSE Sensex.
Here are 10 things to know about Sensex hitting 39,000 for first time:
  1. At 2:20 pm, the Sensex traded 1.02 per cent or 395 points higher at 39,068.20 and the NSE Nifty 50 Index advanced 0.86 per cent or 100 points to 11,724.
  2. Foreign institutional investors have been buying shares in Indian equity markets. In the month of March, foreign portfolio investors bought shares worth Rs 33,980.56 crore, according to data from the NSDL.
  3. The S&P BSE Sensex and NSE Nifty 50 indexes logged in smart gains in financial year 2018-19, which concluded on Friday. The Sensex jumped 5,704 points or 17 per cent and the NSE Nifty 50 Index added 1,510 points to clock a return of 15 per cent in FY18-19.
  4. "Indian markets played a catch up with the global peers after 4-5 months of underperformance as global liquidity found its way to emerging markets and India was a beneficiary of that after global central banks turned accommodative and dovish," Ajay Bagga, executive chairman at OPC Asset Solutions, told NDTV.
  5. Investor confidence got a boost on brightening prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janata Party returning to power.
  6. Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal Index's 2.3 per cent gain. Capital Goods, Auto, Industrials, Basic Materials, Information Technology and Banking Indexes on the BSE also advanced between 0.6 and 2 per cent each.
  7. On the flipside, S&P BSE Energy Index was top loser, down 0.3 per cent.
  8. Mid- and small-cap shares were also witnessing buying interest as the S&P BSE MidCap Index rose 0.66 per cent and the S&P BSE SmallCap Index advanced 0.88 per cent.
  9. From the Nifty 50 basket of shares, 34 were advancing while 15 were declining. Hindalco was top gainer in the Nifty 50 basket of shares, up 5.47 per cent at Rs 216.75. Tata Motors, Cedanta, UltraTech Cement, GAIL, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and ICICI Bank were also among the gainers, up between 1.7 and 4.8 per cent each.
  10. Indian Oil, ONGC, Indiabulls Housing Finance, Coal India, Zee Entertainment and Eicher Motors were among the laggards.




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