Mumbai: A good report from rating agency Moody about India’s growth coupled with fresh capital inflows from foreign funds pushed up the S&P BSE benchmark sensex up by 248 points to an all-time closing high of 27,346.33, continuing its upward march for the third consecutive day.
The CNX 50-share Nifty also ended higher by 78.75 points or 0.97 per cent to 8,169.20 after hitting an all-time intraday high of 8,181.55 during the day.
Short-covering in view of the last day of expiry of futures and options October contract today also boosted the market sentiment.
The sensex resumed higher at 27,098.94 and shot up further to lifetime high of 27,390.60 before ending at all- time closing high of 27,346.33, showing a gain of 248.16 pts or 0.92 per cent.
Rating agency Moody’s today said the recent reform measures by the government coupled with those unveiled by the Reserve Bank on the economic, fiscal and financial fronts, are credit positive as they will accelerate growth if successfully implemented.
FPI and FII’s have invested net Rs785.61 crs yesterday as per the provisional data issued by the stock exchanges.
In overseas markets, Asian stocks ended mixed. US stocks closed with slight losses yesterday after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in US economic prospects.
Key benchmark indices in South Korea, Hong Kong and Taiwan finished lower by 0.11 per cent to 0.49 per cent while indices in Singapore, Japan and China rose by 0.32 per cent to 0.76 per cent.
