<p class="rtejustify">The Bombay Stock Exchange’s (BSE’s) 30-share Sensex started financial year 2019-20 on a positive note, as it crossed 39,000 mark for the first time in the history, on the back of record foreign fund flow. The investors also became richer by Rs 1.15 lakh crore during the days trade.</p>.<p class="rtejustify">At 10:20 am today morning, the BSE breached the 39,000 mark and went up to intraday high of 39,115.57 points before profit-booking by the large investors. After correcting by over 200 points in the last half an hour of the trade, BSE Sensex closed at 38,871.87, up 198.96 points (0.51%).</p>.<p class="rtejustify">On the other hand, broader index 50-share NSE Nifty also surpassed 11,700-level for the first time since September 2018 led by buying interest in metal, PSU banks, auto and capital goods shares. At the time of filing this copy, Nifty was trading at 11,655.60, up 31.70 points (0.27%).</p>.<p class="rtejustify">The market breadth was also heavily positive, with 1,697 advances on BSE, against 906 declines.</p>.<p class="rtejustify">Markets have been propelled by increased flow of the foreign fund – who have changed their outlook about the emerging markets since February. In the month of March, foreign institutional investors (FIIs) parked in highest amount in past two years -- worth Rs 48,751 crore, according to the data compiled by the NSDL.</p>.<p class="rtejustify">Indian markets have played a catch up with the global peers after 4-5 months of underperformance as global liquidity found its way to emerging markets after global central banks turned accommodative and dovish in their monetary policies.</p>.<p class="rtejustify">“If you see all the emerging markets have been doing well off late. So, basically what has changed is the fact that foreign investors have changed their outlook on the emerging markets and they are flowing in yet again. That has led to this rally in the markets,” said Rahul Shah, Vice President -Equity Advisory Group.</p>.<p class="rtejustify">Investor confidence in the markets has got the boost after the increased prospects of Prime Minister Narendra Modi returning to the power after 2019 General Elections.</p>
<p class="rtejustify">The Bombay Stock Exchange’s (BSE’s) 30-share Sensex started financial year 2019-20 on a positive note, as it crossed 39,000 mark for the first time in the history, on the back of record foreign fund flow. The investors also became richer by Rs 1.15 lakh crore during the days trade.</p>.<p class="rtejustify">At 10:20 am today morning, the BSE breached the 39,000 mark and went up to intraday high of 39,115.57 points before profit-booking by the large investors. After correcting by over 200 points in the last half an hour of the trade, BSE Sensex closed at 38,871.87, up 198.96 points (0.51%).</p>.<p class="rtejustify">On the other hand, broader index 50-share NSE Nifty also surpassed 11,700-level for the first time since September 2018 led by buying interest in metal, PSU banks, auto and capital goods shares. At the time of filing this copy, Nifty was trading at 11,655.60, up 31.70 points (0.27%).</p>.<p class="rtejustify">The market breadth was also heavily positive, with 1,697 advances on BSE, against 906 declines.</p>.<p class="rtejustify">Markets have been propelled by increased flow of the foreign fund – who have changed their outlook about the emerging markets since February. In the month of March, foreign institutional investors (FIIs) parked in highest amount in past two years -- worth Rs 48,751 crore, according to the data compiled by the NSDL.</p>.<p class="rtejustify">Indian markets have played a catch up with the global peers after 4-5 months of underperformance as global liquidity found its way to emerging markets after global central banks turned accommodative and dovish in their monetary policies.</p>.<p class="rtejustify">“If you see all the emerging markets have been doing well off late. So, basically what has changed is the fact that foreign investors have changed their outlook on the emerging markets and they are flowing in yet again. That has led to this rally in the markets,” said Rahul Shah, Vice President -Equity Advisory Group.</p>.<p class="rtejustify">Investor confidence in the markets has got the boost after the increased prospects of Prime Minister Narendra Modi returning to the power after 2019 General Elections.</p>