Foreign Fund Inflows Help Markets Gain

Feb 17, 2012
Friday, February 17, 2012, Indian market closing: Markets rose due to positive flows from foreign funds in domestic stocks
 

Domestic stock indices gained in the session due to foreign fund inflows and positive global cues on hopes that Greece may get its second bailout package soon. However, some gains werer pared due to profit booking later in the day. The BSE Sensex ended 0.75% up at 18,289. On the Exchange, 1,394 scrips gained, 1,583 lost while 119 held on from their previous day’s close.

The Sensex had touched a high of 18,423 while dipping to 18,235 in the session. Meanwhile, the BSE Mid and Smallcap indices fell 0.05% and 0.21% for the day. The other benchmark – S&P CNX Nifty – rose 0.77% to end at 5,564.

Among sectoral indices on the BSE, CD (Consumer Durables), Power and CG (Capital Goods) were the top three rising indices in the session up 4.2%, 2.9% and 1.5% respectively. Only three indices declined: BSE Auto (-0.5%), BSE Metal (-0.1%) and BSE HC (Health Care) (-0.1%).

Among individual stocks, BHEL was the biggest gainer on the Sensex, up 6.5%. It had risen over 14% intraday on hopes of a rise in orders this year. Tata Power and M&M followed, up 4.7% and 3.3% respectively. Hero MotoCorp fell the most among Sensex scrips, down 3.6%, followed by Maruti Suzuki and Hindalco, down 2.7% and 2.3% respectively.

Investment data from SEBI showed that FIIs invested Rs 2,185 cr in the equities segment but pulled out Rs 687 cr from the debt segment.

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