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Market rallies for 3rd straight day; Sensex jumps 216 pts

Press Trust of India  |  Mumbai 

Continuing its rising streak for the third session in a row, the Wednesday climbed by over 216 points on unabated buying in stocks amid strong foreign fund inflows and positive domestic cues.

The 30-share BSE index ended 216.51 points, or 0.58 per cent, higher at 37,752.17. The broader NSE Nifty closed with gains of 40.50 points, or 0.36 per cent, at 11,341.70.

In the Sensex pack, rallied 4.15 per cent. Other gainers included Yes Bank, Bajaj Finance, HDFC Bank, SBI, Bajaj Auto, RIL, HCL Tech, HDFC and -- rising up to 3.67 per cent.

On the other hand, emerged as top loser with 4.08 per cent fall on the Sensex list.

Other major laggards were Vedanta, Sun Pharma, Tata Steel, ONGC, Tata Motors, NTPC and -- shedding up to 3.48 per cent.

Sectorally, the BSE bankex, finance, realty and surged up to 1.42 per cent.

While, BSE telecom, metal, power, teck and ended in the red, losing as much as 2.60 per cent.

Experts attributed the continuing market rally to robust investor sentiment driven by sustained foreign fund inflows, stronger rupee, among others.

Strengthening gains, the Indian rupee Wednesday further appreciated by 24 paise to 69.47 against the US dollar intra-day.

On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 2,477.72 crore on Tuesday, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng fell 0.39 per cent, Shanghai Composite Index was down 1.09 per cent, Korea's Kospi dropped 0.41 per cent, and Japan's Nikkei ended 0.99 per cent lower.

Similarly, in the Eurozone, Frankfurt's DAX slipped 0.05 per cent. Paris CAC 40 rose 0.32 per cent and London's FTSE was up 0.04 per cent in early deals.

Global crude benchmark Brent crude futures rose 0.33 per cent to USD 66.89 per barrel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 13 2019. 16:40 IST