Thursday 28 August 2014

SENSEX


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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