Stock indices surged again on Wednesday as foreign funds were chasing Indian equities. The benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 22551.49 with a gain of 105.05 points or 0.47 per cent. Except, FMCG and metal, all other sectoral indices ended in the positive territory.
The realty sector gained 1.89 per cent followed by healthcare, oil and gas, capital goods, consumer durables, power and banks.
Among broader indices BSE 100 gained by 0.63 per cent and BSE 200 by 0.70 per cent. On the National Stock Exchange (NSE) the 50-share Nifty was up by 31.50 points to close at 6752.55.
Rupee steady Meanwhile the rupee closed at 59.90 against the dollar as compared to its previous close of 59.91.
“Indian rupee is trading at a fresh 8-month high against the dollar at 59.60 levels on spot. Huge inflows from custodian banks, largely from FIIs, looking to buy Indian equities, was the primary reason behind the rupee’s rise,” said Anindya Banerjee, Currency Analyst, Kotak Securities.
