Mumbai: Its party time for stock brokers as bullish times are here to stay for the stock markets. After touching the record high of 14,500 marks, Sensex seems to be inching towards the historical 15,000 mark. Market experts believe that by the year-end, the 15k level will be attained.
After touching an all-time high of 14,563.04, the markets ended lower with moderate losses on account of selling seen in scrips from FMCG and metal stocks. The Sensex closed down 37.71 points at 14,478.19, and the Nifty down 19.45 points at 4195.9.
Foreign Institutional Investors are pumping in huge money into the markets. FIIs purchased shares worth Rs 463.44 crore on January 5 after injecting Rs 664.60 crore on last Friday. They also infused Rs 1,376 crore in derivatives on the same day.
National Stock Exchange index Nifty also logged a new intra-day high of 4,228.15 and later quoted slightly down at 4,210.20 at 10:20 hours IST.
Major gainers in the opening trade were Tata Steel, RIL, SAIL, Dabur, HLL, Zee, RNRL, Hindalco, Rel Energy and Tata Motors. However, Rel Comm, Nalco, Jet Air ans Grasim were trading weak.
Market cues:
- FIIs net buy USD 146.2 million in equity on February 2
- MFs net sell Rs 77 crore (Rs 770 million) in equity on February 2
- NSE F&O Open Interest up by Rs 2,207 crore (Rs 22.07 billion) to Rs 55,720 crore (Rs 557.20 billion)
With inputs from moneycontrol.com
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