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Sensex hits historic 38,000 mark; Nifty tops 11,495

Garima Bora

Sensex hits historic 38,000 mark; Nifty tops 11,495

09 Aug 2018: Sensex hits historic 38,000 mark; Nifty tops 11,495

The BSE Sensex hit the 38,000 level for the first time today on widespread buying in banking, energy, and PSU stocks amid unabated inflows by domestic and foreign institutional investors.

The broader NSE Nifty too touched a new peak of 11,495.20.

The 30-share Sensex climbed 162.56 points, or 0.42%, to 38,050.12 in early trade today, breaching its previous intra-day record of 37,931.42 hit yesterday.

Details: Strong gains in banking, PSU, healthcare spurred Sensex higher

Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, tech, metal, infrastructure, capital goods, FMCG, and power spurred Sensex higher.

The NSE Nifty spurted 45.20 points (0.39%) to 11,495.20, surpassing its previous (intra-day) record of 11,459.95 hit yesterday.

Analysts said strong liquidity in the market following unabated buying by foreign as well as domestic institutional investors and encouraging Q1 earnings bolstered sentiment.

Fact: Provisional data on FPIs and DIIs

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs. 568.63 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs. 30.25 crore yesterday, provisional data showed.

Asian shares: Asian shares were mixed in early trade

Hong Kong's Hang Seng was up 0.89% and Shanghai Composite Index surged 1.83%, while Japan's Nikkei shed 0.27% in early deals.

The United States stock market indices, however, closed mostly lower yesterday as investors grappled with a fresh round of tariff clashes between the Trump administration and China.

The US Dow Jones Industrial Average ended 0.18% lower yesterday.