Sensex soars high |
A strong and positive investor sentiment led the BSE benchmark Sensex to soar by over 500 points in trade on Tuesday. Nifty NSE was also up by over 130 points in trade on Tuesday. The jump was led by gains in metal, oil and gas, banking and energy stocks amid unabated buying by foreign investors and strong global cues. BSE Sensex was up 519 points at 37,535.66 points while Nifty traded at 11,301.2 points up by 131. Traders said sustained inflow of foreign funds and positive cues other Asian equities boosted investor sentiment .The rupee also gained by 25 paise to 69.64 against the US dollar on Tuesday, driven by sustained foreign fund inflows and weaker greenback against key rival currencies overseas. The selling of US dollar by exporters and banks also propelled rupee higher.
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