Sensex hits over 1-year high

Market rally continued for the third straight session on Wednesday, with Sensex surging over 109 points to end at a fresh 13-month high of 28,452.17 on sustained fund inflows despite caution ahead of the release of key macroeconomic data later in the day.

On monthly basis, in August both the key indices —Sensex and Nifty — recorded their sixth straight month of gains by rising 401.31 points, or 1.43 per cent, and 147.70 points, or 1.70 per cent, respectively. This is also the longest run of monthly advances since November 2014.

In the current financial year 2016-17, the Sensex has so far gained 3,110.31 points, or 12.27 per cent.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 390.63 crore yesterday.