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Sensex breaches 32,000-mark ahead of macroeconomic data

Press Trust of India  |  Mumbai 

The breached the 32,000- mark by climbing 276 points to close at over one-month high of 32,158.66 ahead of key macroeconomic data, extending the gains for the fourth day in a row.

The broader scaled a high of 10,097.55 before closing up by 87 points, or 0.87 per cent at 10,093.05 -- the highest closing since August 1 when it settled at 10,114.65.

Risk appetite improved on the back of a rally in after the US stocks hit a fresh record high yesterday as worries about North Korea and impact of Hurricane Irma on the US faded.

Building up of positions by participants ahead of July IIP data, and retail for August, to be released later in the day, also added to the buoyant sentiment.

The stayed in the positive terrain through the session and hit a high of 32,172.46 before settling higher by 276.50 points, or 0.87 per cent, at 32,158.66 on continuous pumping of funds by domestic institutional investors (DIIs).

This is the highest closing since August 7 when the closing figure stood at 32,273.67. The index had rallied 220.19 points in the previous three sessions.

Covering up short positions in some counters by speculators fearing buying activity to pick up in the coming session supported the upside, brokers said.

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

First Published: Tue, September 12 2017. 16:02 IST