Sensex rallies over 1%: Key factors that drove the rally - News Summed Up

Sensex rallies over 1%: Key factors that drove the rally


The 50-share pack topped the crucial 11,000 mark in the morning for the first time since October 1, 2018.In the 30-sharepack, as many as 28 stocks showed up in the green. Bajaj Finance, Tata Steel, ONGC, Bajaj Auto and RIL surged up to 4.34 per cent. On the other hand, Axis Bank and IndusInd Bank fell up to 0.54 per cent.Reliance Industries, ICICI Bank, Infosys and TCS were major contributor's to the Sensex's rally Broader indices, however, threw up a mixed picture. FII net inflows for February stood at Rs 1,624 crore over the last five days against Rs 128 crore in the entire January. The growth was 8.2 per cent in 2016-17, the year in which the government demonetised high-denomination currency notes of Rs 500 and Rs 1,000.


Source: Economic Times February 06, 2019 09:33 UTC



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