Sensex moves up 104 Points – Profit booking at high levels ends days close at 20339.89

The Bombay Stock Exchange (BSE) Sensitive Index, was range bound It opened at 20250.26 but touched day's high of 20461.27 almost 210 points up However, the profit taking at higher levels took the index back to close at 20339.89 points with a modest gain of 89.63 points. This represented a 0.44% increase over its previous close. Foreign Institutional Investors (FIIs) continued their net purchase in BSE and National Stock Exchange (NSE) taken together at Rs 810.3 crores while Domestic Institutional Investors (DIIs)made a net sale of Rs 574.81. The FIIs had a robust inflow of over $ 21 billion dollars and on the back of higher growth rate of 8.5 percent which is likely to spill over in next financial year in double digits, has made their appetite for Indian scripts stronger. For a healthy stock market, the consolidation and correction. India is on the priority list of FIIs in their emerging markets portfolio.
The Niftyof the National Stock Exchange (NSE) witnessed a similar trend with the Nifty opening at 6105.9. It reached a high of 6187.75 touching a low of 6105.95 during intra day transactions to close at 6135.85 or 32.40 point increase.
The major gainers in A Group of BSE Sensex and Nifty were Rashtriya Chem National Fert Godrej Inds Exide Inds Vijaya Bank and Tatamotors, Kotakbank. Ster, Ranbaxy and Relinfra. The losers in A Group being Indiabulls Fin, Bharti Airtel, Biocon Mphasis Indusind Bank and in Nifty were Bhartiartl, Axisban, NTPC,HCL Tech and HDFC Bank