08.30: Sensex rose to a record high on Thursday as Indian markets witness persistant buying from foreign investors. The 30-share benchmark index thus posted its seventh consecutive monthly gain. In the week ended Thursday, 28 August 2014, Sensex gained 218.56 points to 26638.11, its highest closing level. Nifty rose 41.15 points to 7954.35, a record closing high for the index.
The top gainers for the last week, as far as sectors are concerned, were FMCG, Auto and IT. Their respective indices closed at BSE, up by 3.24, 1.52 and 1.38 percent. On other hand Realty, Metal and Power lost 5.21, 4.64 and 3.05 percent.
The foreign institutional investors have been the net buyers of the Indian stocks to the tune of Rs.813.25 crore and the domestic investors bought Indian shares worth a net of Rs.724.9 crore as on August 26, 2014.
Today Nifty may been seen opening higher taking positive cues from its Asian peers. GDP numbers which came on Friday showing that the economy moved at fastest pace in more than two years for April-June quarter will also expected to provide some positive direction to the market.
Metal and power generation stocks will also be in focus as the Supreme Court hearing on coal blocks case is scheduled today. Shares of automobile companies will be in focus as auto companies start unveiling sales volume data for August 2014 from today HSBC Manufacturing PMI for August 2014 is also due today. The Manufacturing PMI had increased to 53 in July 2014, from 51.50 in June 2014.
