Wednesday, October 29, 2014

Sensex Rises Above 27,000; Nifty Inches Toward 8,100



market-new_625x300_41409109040 BSE Sensex and Nifty moved higher today, buoyed by a rally in global markets. The Sensex rose over 150 points to hit 27,059 while Nifty rose to 8,081.05 at its day’s high.
The gains were broad-based with all the sectoral indices on the BSE moving higher. The breadth of the market was positive with BSE midcap and smallcap indices rising nearly 0.5 per cent.
Asian shares advanced to one-month highs on Wednesday, helped by Wall Street which gained on optimism over corporate earnings and prospects the U.S. Federal Reserve will reaffirm its willingness to wait longer before raising interest rates.
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