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Tuesday, January 27, 2015

Indian Stock markets closes higher as foreign inflows increase

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(27-1-2015 LiveBombayStockExchange) - It turned out to be good day for Indian stock markets as the bull run till budget 2015 continues. Benchmark Stock indices including BSE's SENSEX and NSE's NIFTY closed at record high today.



Banking stocks and Capital goods stocks closed higher led the list of gainers. Investor mood was bullish as increase in foreign investments rose and indices saw stock purchase by foreign institutional investors. 50 share National Stock Exchange's NIFTY 50 closed today at record closing of 8910.50 pts up by 74.90 pts, whereas BSE's SENSEX 30 ended the day at all time closing high of 29571.04 pts, up by nearly 1 percent at 292.2 pts.

Almost all of the sectoral indices closed higher with IT index a lone exception to today's trend. IT index closed lower by over 1.5 percent today. SENSEX breadth was positive with 19 components rising and 11 closing lower. BSE's capital goods index led the list of gainers today as it closed up by 1.8 percent, followed by BANKEX index, FMCG index, AUTO index also closing higher today. Talking of Auto sector, Maruti Suzuki ended up by over 2 percent today as company reported 17 percent rise in quarterly profits.

Bull run would continue till the Union Finance budget is presented on feb 28, 2015.

Meanwhile US stock markets are down today.

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