Sensex gains 299 points thanks to healthcare stocksÂ
Sesnsex seems to be seeing its best days now. After going up by as much as 282 points today the 30-share Sensex is all set to breach the 29,000 mark once again pretty soon. With 282 points, the Sensex went up to 28,720.
Meanwhile Nifty too saw positive development as it touched 8,700 mark on fresh capital infusion by investors owing to strong global cues. There are reports that a weaker than expected US manufacturing data dampened the hopes of an early rate hike by the Federal Reserve which in turn lifted the sentiments of the market participants.
Indian economy is looking to rebound pretty soon. Meanwhile, Finance Minister Arun Jaitley told lawmakers on Tuesday that India’s current account deficit will “hopefully” be less than 1% of gross domestic product (GDP) in the fiscal year that begins in April further buoyed the trading sentiments.
In the meantime rupee too went up slightly. Indian rupee was trading strong by 8 paise at 62.73 on increased dollar selling by banks and exporters amid weak dollar overseas on tepid US manufacturing data.