Heavy buying by foreign portfolio investors (FPIs) and rollovers in the equity derivatives segment saw the Nifty hitting an eight-month high on Thursday at 8,288, gaining 84 points, while the Sensex surged 259 points to scale the 27,000-mark. Hopes of a good monsoon and a recovery in earnings also helped the market.
All the broader and sectoral indices closed in the green. Volatility was up a tad.
S Hariharan, Head – Sales Trading, Emkay Global Financial Services Ltd, said: “The markets were able to absorb the volatility arising from Brexit, denoting the strength in the underlying trend.”
FPIs bought net equities worth ₹1,107 crore, while Domestic Institutional Investors sold net equities worth ₹191 crore.
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