Sensex hits four-week high, jumps 160 points; Nifty ends at 10,379

The Sensex opened strong and continued to rise on persistent buying activity

The BSE benchmark Sensex firmed up by 162 points to hit a nearly four-week high of 33,788 on intense buying in the banking and fast-moving consumer goods shares, as investors appeared confident in view of robust macro-outlook and firm global cues.

Overall market sentiment remained buoyant after the Reserve Bank of India last week revised the growth projection upwards for the current fiscal year to 7.4 per cent and lowered the inflationary forecast to 4.7-5.1 per cent for the first half of FY19.

“Market extended gains tracking positive cues from Asian and European peers on account of lower-than-expected US non-farm