The S&P BSE Sensex gained as much as 157
points to end at its fresh record closing high of 26,560.15 on Wednesday.
Across-the-board
gains were also seen on continued foreign funds inflows amid investors churning
portfolios ahead of monthly expiry in equity derivatives tomorrow, say
brokers.
A rally in the Asian markets on upbeat US
economic data and easing crude oil price also buoyed market sentiment.
The prospect of
further lashings of liquidity in Europe was taken as a positive for emerging
markets and MSCI's broadest index of Asia-Pacific shares outside Japan gained
0.4 per cent to its loftiest since January 2008, Reuters reported.
Foreign institutional investors
reduced the pace of funds flow into Asia in August, but India is still among
those countries in the region that received the maximum inflows during the
month, an HSBC survey says.
"China remains the most over-owned market in
the region, followed by India," the global brokerage firm said.
Meanwhile, mutual funds have turned more bullish and bought $8.0 billion worth of Asian equities in the past four weeks (ended August 20) compared with net inflows of $1.1 billion in the previous four weeks, according to EPFR Global.
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