Share Market Update: Sensex ends 77 points higher after major rally, Nifty at 11,881; YES Bank, SBI, Infosys top gainers
businesstoday.in Oct 31, 2019, Updated Oct 31, 2019, 5:37 PM IST
Share Market Update: After a power rally seen in the domestic indices on October F&O expiry day, Sensex and Nifty pared earlier gains to trade marginally higher by the closing bell. While Sensex closed 77 points higher at 40,129, Nifty ended 37 points higher to close at 11,881 on Thursday. Sectorally, financial services, metal and private banking stocks closed in the bearish zone, while media and PSU banking scrips closed at a hike of over 3%, followed by over 1% in realty and IT stocks. While Sensex climbed to a new and all time high of 40,392, Nifty rose to 11,945 level intraday, tracking massive foreign fund inflows amid positive domestic and global cues. Earlier On June 4, Sensex had hit the last all-time high of 40,312. Domestic equities followed global markets that were upbeat after the third rate cut by the Federal Reserve. This was coupled with massive buying by foreign portfolio investors (FPIs) of Rs 7,192.42 crore from Indian equities.