Sensex jumps 1,142 points to eight-month high as FIIs return, crude stays soft
India, Nov. 11 -- Benchmark indices opened at eight-month highs on Wednesday (November 11) as foreign portfolio investors (FPIs) returned as buyers and crude oil prices remained subdued following the Diwali holiday break.
The 30-share BSE Sensex opened 1,142.03 points, or 1.41 per cent, higher at 82,248.68 against Monday's close of 81,106.65. It was trading at 82,186.92, up 1,080.27 points, in early trade. The 50-share NSE Nifty opened at 25,337.80 and was quoted at 25,317.55, up 272.90 points. Both indices were at their highest levels since February 27. They have gained about 10 per cent this month.
Foreign fund inflows have been a major driver of the rally. Foreign institutional investors bought equities worth Rs 7,212.22 crore on Mon...
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