Sensex Crosses 27,000 Mark
The Sensex regains 27,000 mark with a gaining of stock indices of more than 1.8% after the announcement of US Fed that it would not enhance hike rates immediately after it stops infusing liquidity with its bond-buying programme in October. The business ties between India and China boosted the sentiments of investors to rise Sensex 481 points and cross 27,000 mark on Thursday. It is the largest single-session increase in a three month period.
Other news that influenced Sensex is Scottish independence. The news that Scotland would remain in the United Kingdom boosted Asian markets and indices rose nearly 0.5%. The Sensex increased 106 points to 27,218. Nifty grew 38 points to 8,153. Stronger buying activity is observed for the midcap and smallcap indices if they rise approximately 1 per cent. IT stocks were ahead in buying. HCL Tech, TCS and Tech Mahindra are some of them as they are increasing between 2.5% and 4%.