Bulls have been taken full charge of Dalal street for the sixth consecutive session with the Sensex adding nearly 1300 points by outperforming its global peers- supported by strong inflow of foreign institutional investors. About 27 frontline shares out of 30 shares on the Sensex led the market higher.
"India's valuations have come to reasonable levels post the correction and we are currently buyers of Indian stocks. Many mid and small cap stocks have turned very attractive", says Mark Mobius of Templeton Asset Management. According to him, the top three concerns for India are unemployment, inflation and water but India is amongst the top pick in the EM basket. The 50-share NSE Nifty rallied 49.10 points or 0.86%, to close at 5,736.35, after hitting an intra-day high of 5,770.35. The 30-share BSE Sensex went up 177.66 points or 0.94%, to settle at 19,120.8.| Index | Closing Value | % Change |
| Sensex | 19120.8 | 7.19 |
| Nifty | 5736.35 | 6.93 |
| Shanghai | 2958.43 | 1.69 |
| Hang Seng | 23060.36 | 1.65 |
| Nikkei | 9459.08 | 2.74 |
| Straits Times | 3056.95 | 2.46 |
| Kospi | 2072.13 | 3.43 |
| Taiwan | 8596.57 | 1.52 |
| FTSE* | 5890.94 | 1.81 |
| CAC* | 3955.73 | 1.31 |
| DAX* | 6893.83 | 1.14 |
| Dow Jones** | 12197.88 | 1.34 |
| * Tuesday's value at 15:30 hours | ||
| ** Monday's closing value |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
