Stock markets extend rally for 4th day in FII inflows

PTI

Mumbai, May 30

Benchmark stock indices Sensex and Nifty maintained their winning streak for the fourth straight day on Tuesday, helped by foreign fund inflows and positive Asian markets.

The 30-share BSE Sensex climbed 122.75 points or 0.20 per cent to settle at 62,969.13. During the day, it jumped 189.74 points or 0.30 per cent to 63,036.12.

The NSE Nifty advanced 35.20 points or 0.19 per cent to end at 18,633.85.

From the Sensex pack, ITC, Bajaj Finserv, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, HCL Technologies, Wipro, UltraTech Cement, Maruti and Infosys were the biggest gainers.

Tata Steel, Tech Mahindra, Nestle, Larsen & Toubro, Tata Motors and Titan were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green. The US markets were closed on Monday for Memorial Day.

Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 1,758.16 crore, according to exchange data.

Meanwhile, global oil benchmark Brent crude declined 2.30 per cent to USD 75.30 a barrel.

The BSE benchmark climbed 344.69 points or 0.55 per cent to settle at 62,846.38 on Monday. The Nifty gained 99.30 points or 0.54 per cent to end at 18,598.65.