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Sensex ends 244 points up on earnings lift, funds inflows

Mumbai: The Sensex today bounced by over 244 to close at 31,955 following buying lift from metal, healthcare and FMCG stocks on the back of better-than-expected corporate earnings so far.

Foreign fund inflows continued amid positive global cues. The market opened positive on overnight earning numbers of FMCG major Hindustan Unilever coupled with a firming trend at other Asian markets, tracking another record close at Wall Street.

The Sensex after a gap up opening advanced to hit a high of 31,978.89, before settling at 31,955.35, a gain of 244.36 points, or 0.77 per cent. The gauge had retreated from record by plunging 363.79 points in the previous session.

The 50-share NSE Nifty stayed in the positive zone and retook the 9,900-mark to hit a high of 9,905.05 as buying activity gathered momentum towards the fag end. It settled higher by 72.45 points, or 0.74 per cent, at 9,899.60.

Bharti Airtel stole the show by climbing 3.21 per cent while Dr Reddy’s surged 2.01 per cent.

PTI