Sensex climbs 220 points on foreign inflows

July 01, 2016 10:41

Market today remained buoyant for the fifth straight session as the Sensex regained the 27,000-mark by surging over 220 points after investors built more bets and foreign inflows continued, defying weak macroeconomic data.

The Nifty pulled above the 8,300-mark because of the rally.

The beginning of the July series derivatives contracts and positive global conditions kept mood upbeat.

But caution set in after official data showed that eight core sector output grew at a five-month low of 2.8 per cent in May, down from a four-year high of 8.5 per cent in April.

Fiscal deficit in April-May of 2016-17 was Rs 2.28 lakh crore, which is 42.9 per cent of Budget estimate, much higher than the year-ago period.

The 30-share index, which had gained 602.01 points in the previous four sessions, added 220.29 points, or 0.81 per cent, at 27,220.01 on increased buying amid beginning of the July derivatives series.

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