Gold Silver Reports — Sensex closes 276 points up, Nifty rises, Tata Steel, Sun Pharma top gainers — Market brimmed with confidence on Tuesday as the Sensex breached the 32,000 mark again by climbing 276 points to bring up a nearly one-month closing high, with the focus clearly on key macroeconomic data. The broader NSE Nifty scaled a high of 10,097.55 before closing up 87 points,or 0.87%, at 10,093.05, the highest closing since 1 August when it settled at 10,114.65.
July index of industrial production (IIP) data and retail inflation for August are slated for release later in the day. With this, both benchmarks extended the gains for the fourth day in a row. Risk aversion was clearly relegated to the background after a rally in global markets as the US stocks hit a fresh record high on Monday on fading worries about North Korea and impact of Hurricane Irma on the US.
The BSE Sensex stayed above the base line throughout the session before settling higher by 276.50 points, or 0.87%, at 32,158.66 on continuous inflow of funds by domestic institutional investors (DIIs). This is the highest closing since 7 August when the figure stood at 32,273.67. The index had rallied 220.19 points in the previous three sessions.