Domestic institutions sold 14064 crores against heavy buying by foreign investors | News India

Ahmedabad: The Indian stock market today saw fresh buying led by foreign investors after positive reports by the US Federal Reserve on interest rate cuts by 50 basis points, including the possibility of further rate cuts in future, as the Sensex crossed the 84,000 mark for the first time in its history. Yesterday, there were reports of foreign investment rising in India and the Nifty also hit a new record high of 25849.

Today's rally in the market was based on strong optimism that interest rates in the US will come down after the Federal Reserve cut interest rates, so foreign investors will pump large amounts of fresh funds into India in the hope of higher returns. Based on these reports, the US stock markets and Asian markets also rose last night.

Based on these reports, with fresh buying from domestic operators, players and investors, the Sensex today crossed the 84,000 mark for the first time in its history, reaching an all-time high of 84,694 with an intraday jump of 1,509 points. On the other hand, the NSE's Nifty also rose 433 points intra-day to a record high of 25,849. Earlier, the Sensex had crossed the 83000 mark last Thursday.

However, at the close of trading, the Sensex rose 1359.51 points to close at a new record high of 84,544.31. While the Nifty jumped 375.15 points to close at a record high of 25,790.95. Today, foreign investors bought Rs. 14064 crore from local bodies. 4427 crore was sold. After the surge in the Sensex today, investor wealth (BSE market cap) increased by Rs. 6.24 lakh crore and finally reached a record high of Rs. 471.72 lakh crore.

Strong jump in Sensex

Sensex gains