Sensex hits 3-mth high, Nifty regains 6,000-mark on FII buying

The BSE benchmark Sensex today jumped by 215 points to close at a three-month high of 19,888.95 and the NSE Nifty index regained the 6,000-mark on robust capital inflows in banking, FMCG, realty and auto stocks, amid strong global cues.
Bluechips including ITC, HDFC Bank, ICICI Bank, Tata Motors, Bharti Airtel, RIL and SBI shot up on heavy buying and mainly supported the Sensex's second straight day of gains.
The 30-share index rose by 215.31 points, or 1.09 per cent, to 19,888.95, a level last seen on January 31. The index had gained 98 points in the previous session. The gauge had touched the day's high of 19,917.88.

Investor wealth zoomed up by Rs 60,000 crore to end at Rs 67.6 lakh crore as all the 13 sectoral indices ended up.
Similarly, NSE index Nifty regained 6,000 points level by rising 72.50 points, or 1.21 per cent, to close at 6,043.55.
MCX Stock Exchange (MCX-SX) flagship index SX40 today closed 0.78 per cent or 90.92 points higher at 11,731.20.

"It was a decisive breakout for the market...Global cues were also positive especially Nikkei, which opened after a gap of 4 days and gained 3.5 per cent in today's trade. European markets were also trading firm. At the current juncture, investors need to be watchful of valuations," said Sanjeev Zarbade, VP-Private Client Group Research, Kotak Securities.

Brokers said the buying activity gathered momentum, tracking a strong rally in global markets on the back of lower borrowing costs after Reserve Bank of Australia cut its benchmark interest rate, lifting bluechips further higher.
After pumping in Rs 897.47 crores yesterday, Foreign Institutional Investors (FIIs) today pumped money resulting in broad-based upsurge. Investors are now eyeing cues from March IIP data to be released later this week, traders said.
The 25 gainers in 30-share Sensex were led by Hero MotoCorp which gained 3.65 per cent. However, CIL and Wipro were major losers.
FMCG sector gained the most rising 2 per cent, followed by banking index that clocked 1.8 per cent as SBI, Yes Bank, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda Indusind Bank recorded smart gains.