Sensex @27,000: India well positioned to receive global flows

The indices are on a roll and the big question is whether the market upmove can sustain.

Sep 02, 2014 04:09 IST India Infoline News Service

Harsha Upadhyaya, Chief Investment Officer-Equity, Kotak Mutual Fund, said, “With steady US bond yields despite ongoing taper and most other central banks in easing mode, the global liquidity is strong and is looking for better investment avenues in emerging markets.”

The indices are on a roll and the big question is whether the market upmove can sustain.

The BSE Sensex closed at 27,019 up 150 points over the previous close, while NSE Nifty closed at 8,083 up 55 points over the previous close.

Cipla, Grasim, ACC, Ambuja, Sun Pharma, DLF, HDFC Bank, Lupin, Cairn, Tech Mahindra and Lupin were among gainers in Nifty.

Jindal Steel, Sesa Sterlite, HUL, Tata Power, Wipro, Tata Steel, Tata Motors and Asian Paints were among the losers in Nifty.

On the BSE, 1730 stocks advanced against 1254 declining stocks, while 129 remained unchanged.

The INDIA VIX was down 1% at 13.44 It hit a days high of 13.91 and low of 12.48.

Related Story

Open Free Demat Account (Rs699)