GST hopes propel Nifty to 15-month closing high, Sensex ends above 28,000 - News Summed Up

GST hopes propel Nifty to 15-month closing high, Sensex ends above 28,000


So far in July, these investors have pumped in Rs 498 crore.Auto maker Maruti Suzuki gained the most on the Sensex, rising 3.1 per cent to Rs 4,550.60. Chandan Taparia, derivative analyst at Anand Rathi, said put writing at 8,600 should keep the market above 8,550. "The market is moving in conjunction with global liquidity after Brexit and more is expected. Stimulus from global central banks is almost a done deal, that is why markets are moving up," said Piyush Garg, chief investment officer at ICICI Securities.The Nifty gained 94.45 points to end at 8,635.65 after scaling a high of 8,641.15. Foreign investors bought for the twelfth successive day on Monday, taking their purchases in July to nearly Rs 8,000 crore — the most since April this year.


Source: Economic Times July 25, 2016 19:52 UTC



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