‘Sensex’ advanced by 156 degrees

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MUMBAI: The Sensex gained another 156 points for the second consecutive session on Thursday, while the Nifty also advanced to cross the 17,300-level mark as foreign institutional investors bought heavily in metal, IT and capital goods stocks.

At the end of the day, the Sensex rose by 156.23 points to close at 58,222.10, maintaining the bullish trend for the second consecutive session. As the market opened in the morning session, the Sensex had gained 513.29 points to touch a high of 58,578.76 points. But in the last few hours, investors preferred profit-taking in stocks of certain technology companies and banks. On the other hand, the index Nifty gained 57.50 points to settle at 17,331.80, with 27 of the top 50 companies in Nifty trading higher. Despite mixed global cues and a rebound in oil prices in the international market, the domestic capital market continued to be positive. Limited buying by foreign investors added to the rally. Expectations of satisfactory second-quarter performance by IT, housing and metals companies further boosted the market, said Vinod Nair, head of research at Geojit Financial Services.

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